AP P&M: Australia - Canadian Pension fund takes Intoll
Canada Pension Plan Investment Board has been given the nod today Friday to buy Macquarie’s Intoll Group for A$3.44bn. Intoll directors recommended the sale at the company’s annual meeting in which the group reported a 13% increase of ebitda to A$190m from increased toll revenues. CPPIB says it will fund the acquisition from available cash.
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