Canadian Pension Fund Nabs $1B Stake In Chilean Tollway Co.

Law360, New York (April 20, 2012, 1:41 PM EDT) -- The Canadian Pension Plan Investment Board will pay CA$1.14 billion (US$1.15 billion) to broaden its infrastructure portfolio with a 49.9 percent share of Italian roadway operator Atlantia SpA's Chilean unit, the companies said.

In the sale, which is pending regulatory approval, Atlantia will retain a majority ownership share in Grupo Costanera, the groups said Thursday. The Chilean company is the largest toll road operator in the country, and oversees an 117-mile network of four major motorways in the Santiago metropolitan area and one near the country's...
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