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Canadian pension funds set up Mexican infrastructure partnership

Published 2016-06-09, 09:50 a/m
© Reuters.  Canadian pension funds set up Mexican infrastructure partnership
IDEALB1
-

TORONTO, June 9 (Reuters) - Tycoon Carlos Slim's building
arm Ideal has tied up with two Canadian pension funds to invest
in infrastructure assets in Mexico, the companies said in a
joint statement on Thursday.
Ideal IDEALB1.MX will hold a 51 percent stake in the
partnership, which is called "Newco", while Canada Pension Plan
Investment Board (CPPIB) and Ontario Teachers' Pension Plan,
have committed C$1.35 billion ($1.06 billion).
($1 = 1.2756 Canadian dollars)

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