CANADA - The Canada Pension Plan Investment Board has purchased a 10% stake in a Toronto toll road, and its holding could increase to 40% if CPPIB's planned acquisition of Intoll Group goes through.
The CPPIB said it will acquire its stake in the 407 Express Toll for C$894m ($882m) from Spanish owner Cintra Infraestructuras. After the acquisition, Cintra will still own 43.23% of the road; Into...
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