CPPIB bids for Intoll Group

clock •

AUSTRALIA/CANADA - The Canada Pension Plan Investment Board (CPPIB) has bid A$3.5bn (US$3.1bn) for Macquarie-backed Australian toll road operator Intoll Group.

Intoll said it received an offer of A$1.535 per share from CPPIB and has three weeks to evaluate the offer. Intoll chairman Paul McClintock said: "The directors of Intoll have not formed a view ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Raquel Pichardo-Allison

View profile
More from Raquel Pichardo-Allison

A glimpse into our archives

TRS hands $6bn to KKR and Apollo, grows strategic partners programme

More on Australasia

Australasia

VFMC returns 3.61% in Q1

AUSTRALIA - The A$36.1bn ($38.6bn)Victorian Funds Management Corporation (VFMC) has reported overall of 3.63% Q1 and an annual return of 8.43%.

Rachel Alembakis
clock 13 May 2011 •
Australasia

Online feature: Taxing times

Rachel Alembakis looks at how Australian schemes are reducing the impact of taxation on investment returns.

Rachel Alembakis
clock 07 September 2010 •
Australasia

Australian Super funds return 4.5% pa over decade

AUSTRALIA - Australia's biggest Super funds have returned an average of just 4.5% a year over the past decade as a result of the global credit crisis, figures reveal.

Chris Panteli
clock 28 July 2010 •
Trustpilot