CPPIB, Ontario Teachers acquire stake in Mexico's Pacifico Sur

CPPIB, Ontario Teachers acquire stake in Mexico's Pacifico Sur

Funds M&A Mexico Canada

The Ontario Teachers’ Pension Plan and Canada Pension Plan Investment Board have acquired a 49% stake on the 309-km Pacifico Sur toll road. Under the new agreement, Mexico’s Impulsadora del Desarrolo y el Empleo en America Latina received a combined CAD314m ($243.9m) from Ontario Teachers and CPPIB for a 20% and 29% stake in Pacifico Sur, respectively. IDEAL will maintain a 51% stake in the company. Pacifico Sur links Southern Guadalajara to the city of Tepic through Jalisco and Nayarit. The

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