Caisse buying remaining stake in Montreal toll road, Ontario Teachers’ investing in IT firm
The Caisse de dépôt et placement du Québec is becoming the sole owner of A25 Concession, a 7.2-kilometre toll road and bridge network in the Greater Montreal transportation network.
The investment organization is acquiring the remaining 50 per cent stake in the asset with an equity investment worth $280 million. It originally invested in the asset back in 2023.
“By becoming sole owner, the Caisse strengthens its position in a Quebec asset it knows well, while gaining greater flexibility in its management,” said Emmanuel Jaclot, executive vice-president and head of infrastructure and sustainability at the Caisse, in a press release.
Read: Caisse invests in U.S. fibre optics firm, Brazil-based power transmission........
