CPPIB and OTPP completed the acquisition of a 40% stake in IDEAL for $2.2bn.

Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan completed the acquisition of a 40% stake in IDEAL, which invests in infrastructure projects throughout Mexico, for $2.2bn. CPP Investments now owns a 23.7% in IDEAL alongside a 16.3% stake owned by Ontario Teachers'. The current majority owners of IDEAL's outstanding shares continue to hold a majority shareholding in the company. "This investment in IDEAL provides CPPIB with the valued opportunity to access a diversified portfolio of assets with stable cash flows, while also providing the opportunity for future growth through development opportunities in Mexico's infrastructure sector," Scott Lawrence, CPPIB's Managing Director and Head of Infrastructure.