February 25, 2020
Mexican infrastructure developer IDEAL said it plans to offer MXN25.8 billion ($1.35 billion) worth of units in an infrastructure and energy investment trust called a Fibra-E this year, according to a securities filing.
IDEAL agreed to form the Fibra-E in November last year, when it reached a deal to sell a 40% stake to the Canadian pension funds Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers' Pension Plan (OTPP).
CPPIB, OTPP and some of IDEAL's shareholders will fund the Fibr
Mexican infrastructure developer agreed to form the trust as part of last year's investment by CPPIB and Ontario Teachers'