CPPIB and Ontario Teachers’ offer to buy stake in IDEAL: Reuters

Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan have offered to acquire 40 percent of Mexican infrastructure group IDEAL for $50.4 billion pesos (US$2.19 billion), reported Reuters.

Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan have offered to acquire 40 percent of Mexican infrastructure group IDEAL for $50.4 billion pesos (US$2.19 billion), reported Reuters. The deal was announced in November, but the US$2 billion-plus offer was not made until this week. The family of Mexican billionaire Carlos Slim will retain control of the company.

Source: Reuters