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14 Nov 2015 14:41 #278804
by chairman
Three of Canada's largest pension fund managers said on Friday that they would acquire the operator of the Chicago Skyway toll road for $2.8 billion. The Canada Pension Plan Investment Board, Ontario Municipal Employees Retirement System and Ontario Teachers' Pension Plan will each own a one-third interest in Skyway Concession Co LLC, which has an agreement to operate the road until 2104.Each of the three Toronto-based pension fund managers will contribute an equity investment of about $512 million toward the deal, which remains subject to regulatory approvals. The 7.8-mile Chicago Skyway is the only Illinois toll highway not operated by the state Toll Highway Authority. SCC was awarded operation rights on the road in January 2005 for $1.83 billion."Skyway represents a rare opportunity for us to invest in a mature and significant toll road of this size in the U.S.," Cressida Hogg, CPPIB's head of infrastructure, said in a joint statement. "This investment fits well with CPPIB's strategy to invest in core infrastructure assets with long-term, stable cash flows in key global markets," Hogg said.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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14 Nov 2015 17:37 #278826
by ketchim
LoL : I agree Fock him !
heard de damn residence renovators had to run becoz of cat pee >
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