Two Canada Pension Funds Compete to Acquire India Toll Roads Portfolio

Livemint reports, “Pension funds Canada Pension Plan Investment Board (CPPIB) and Caisse de dépôt et placement du Québec (CDPQ) are competing to acquire Highway Concessions One, a roads portfolio owned by infrastructure fund manager Global Infrastructure Partners (GIP), two people aware of the development said. ‘The two Canadian funds are the only suitors left in the race. They are locked in a close battle to buy these roads,’” one of the unnamed sources told Livemint.