IDEAL sticks with follow-on after Canadian investment

IDEAL sticks with follow-on after Canadian investment

Equity Funds IPO Latin America Canada Mexico Capital Markets Project & Infrastructure Finance Energy

Mexican infrastructure developer IDEAL still plans to come to market in early 2022 with a follow-on offering for its investment trust, Fibra IDEAL, even though two Canadian pension funds have agreed to buy more shares in the company. Ontario Teachers' Pension Plan Board and Canada Pension Plan Investment Board (CPP Investments) struck a deal to pay MXN45.00 ($2.15) per share and increase their stakes in IDEAL to 24.8% each. Ontario Teachers' will acquire an additional 8.4% and CPP Investments wi

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial