Ferrovial and CPP Investments to acquire a 6.76% stake in 407 ETR from AtkinsRéalis for CAD2.79bn.

Ferrovial, a transport infrastructure and urban services company, and CPP Investments, a global investment management organization, agreed to acquire a 6.76% stake in 407 ETR, an all-electronic, barrier-free, 400-series toll highway located in Canada, from AtkinsRéalis, an engineering, procurement and construction services provider, for CAD2.79bn. "The sale of our stake in Highway 407 ETR will allow us to accelerate on the delivery of our strategy and create further value for our shareholders," Ian L. Edwards, AtkinsRéalis President and CEO.