March 18, 2020
Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers' Pension Plan have launched a public offer to acquire up to 100% of Mexico's IDEAL, following an agreement in November last year to buy 40% of the infrastructure developer.
The Canadian pension funds plan to spend roughly MXN50.4 billion ($2.18 billion) to acquire shares in IDEAL for MXN43.96 each, the Mexican company said in a securities filing on Tuesday.
CPPIB and Ontario Teachers' reached a deal to buy a stake in IDEAL in Nove
CPPIB and Ontario Teachers' plan to spend more than $2 bln for a part of the Mexican infrastructure developer