OTPPB and CPP Investments to acquire a 9.5% stake in IDEAL.

Ontario Teachers' Pension Plan Board, a provider of pension services for teachers, and CPP Investments, a global investment management organization, agreed to acquire a 9.5% stake in Impulsora del Desarrollo y el Empleo en América Latina, an independent publicly traded company. Financial terms were not disclosed. “Our ongoing investment in IDEAL continues to provide CPP Investments with access to a diversified portfolio of real assets with stable cash flows, while also providing the opportunity for future growth through development opportunities in Mexico’s infrastructure sector. We look forward to the ongoing growth of this platform alongside our valued partners," Scott Lawrence, CPP Investments Managing Director and Head of Infrastructure.