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Announced

CDPQ to acquire a 50% stake in A25 Concession from Transurban for $355m.

Synopsis

CDPQ, a global investment group managing funds for public pension and insurance plans, agreed to acquire a 50% stake in A25 Concession, a toll road and bridge network serving Greater Montréal and its residents, from Transurban, a road operator company that manages and develops urban toll road networks, for $355m. "This is the second partnership between Transurban and CDPQ since the recent WestConnex transaction. We have found them to be a constructive, knowledgeable and collaborative partner and we are excited to continue the excellent working relationship. Both parties are aligned on the long-term aspirations for the North American market, and we look forward to pursuing new opportunities together," Scott Charlton, Transurban CEO.

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