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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.