Canadian pension funds set up Mexican infrastructure partnership

Thu Jun 9, 2016 9:50am EDT
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TORONTO, June 9 (Reuters) - Tycoon Carlos Slim's building arm Ideal has tied up with two Canadian pension funds to invest in infrastructure assets in Mexico, the companies said in a joint statement on Thursday.

Ideal will hold a 51 percent stake in the partnership, which is called "Newco", while Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers' Pension Plan, have committed C$1.35 billion ($1.06 billion). ($1 = 1.2756 Canadian dollars) (Reporting by Matt Scuffham and Simon Gardner Editing by W Simon)