November 25, 2019
Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers' Pension Plan have agreed to buy 40% of the Mexican infrastructure developer IDEAL through a tender offer on the BMV stock exchange in Mexico City.
CPPIB will acquire 23.7% of IDEAL, while Ontario Teachers will buy 16.3% for MXN43.96 ($2.27) per share, the two Canadian pension funds said in a statement.
As part of the deal, an IDEAL subsidiary will form an infrastructure investment trust, known as a Fibra-E, funded by CPPIB, Ontar
Canadian pension funds will acquire 40% of the Mexican infrastructure developer through a tender offer on the BMV stock exchange