The Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers' Pension Plan have completed the tender offer to buy 40 percent of the shares of Impulsora del Desarrollo y el Empleo en América Latina (IDEAL) in Mexico.
The deal was announced in November 2019, following a tender offer launched on the Mexican stock exchange by CPPIB and Ontario Teachers’ earlier in the year. The tender’s success grants CPPIB a 23.7 percent interest in IDEAL and Ontario Teachers a 16.3 percent stake. The current majority owners of IDEAL's outstanding shares will continue to hold a majority shareholding in the company.
IDEAL provides exposure to existing and future infrastructure projects throughout Mexico through its portfolio of 18 infrastructure concessions, including 13 toll roads, three logistics terminals and two wastewater treatment plants, as well as an elect
