The Caisse sells a 2.26% interest in Heathrow Airport Holdings Ltd.
(previously BAA Ltd.)
MONTREAL, Oct. 31, 2012 /CNW Telbec/ - As part of the transaction announced by
Ferrovial earlier today, theCaisse exercised its tag-along right and sold a
2.26% interest in Heathrow Airport Holdings Ltd. (previously known as BAA
Ltd.) to Stable Investment Corporation, a wholly-owned subsidiary of CIC
International Co., Ltd. for an amount of CDN$164 million(£102 million).
Through this sale and conditional upon obtaining approval from the European
competition authorities for the transaction announced in August 2012 for the
sale of a 5.63% interest in Heathrow Airport Holdings to Qatar Holding LLC,
the Caisse's interest in Heathrow Airport Holdings will be 13.29%.
"The transaction is part of our commitment to rebalance and better diversify
our infrastructure portfolio. Heathrow Airport is a high-quality strategic
asset and we expect to remain a partner of Heathrow Airport Holdings while
seizing new infrastructure investment opportunities as they arise," said
Normand Provost, Executive Vice-President, Private Equity at the Caisse.
Earlier today, Stable Investment Corporation acquired 10% of the units of
Heathrow Airport Holdings for an amount of CDN$723million (£450 million).
ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution that
manages funds primarily for public and private pension and insurance plans. As
at December 31, 2011, it held $159.0 billion in net assets. As one of Canada's
leading institutional fund managers, the Caisse invests in major financial
markets, private equity and real estate. For more information:
Maxime Chagnon Senior Director, Media Relations 514 847-5493
SOURCE: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
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-0- Oct/31/2012 16:33 GMT
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