Parties
Company
Caisse de dépôt et placement du Québec (CDPQ)
Company
Transurban
On Feb. 6, 2023, global investment group CDPQ announced its agreement with Transurban to purchase a 50% interest in the A25 Concession for $355 million. The A25 Concession consists of a 7.2 km toll road and bridge network crucial to the Greater Montréal transportation system. This acquisition gives CDPQ a significant share in an asset central to Montréal's transportation and merchandise movement in Québec and Eastern Canada. With this 50% interest, CDPQ will co-manage the A25 Concession. This agreement marks the second major collaboration between CDPQ and Transurban, a top global operator in the sector, following their 2021 investment in WestConnex, Australia's largest road infrastructure project. The toll road serves north-eastern Montréal and eastern Laval, praised for its sustainability and efficient routes. Emmanuel Jaclot, CDPQ's Executive Vice-President, emphasized the A25's importance in easing traffic and enhancing public transit. Transurban CEO, Scott Charlton, highlighted the ongoing constructive partnership with CDPQ, with both parties aiming for long-term goals in North America. The transaction won't affect A25 customers, with services and the Québec government's toll-free measures for electric vehicle owners remaining unchanged. The deal is set to finalize by March 31st, pending standard closing conditions and approvals.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
$ 355,000,000Deal Status
ClosedClosing Date
28 February 2023