Deals
Chicago Skyway Investors Explore Sale of Bridge Lease
- 2015 acquisition by pension funds valued asset at $2.8 billion
- Chicago Skyway marked first privatization of a US toll road
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Canada Pension Plan Investment Board and OMERS Infrastructure are exploring the sale of their lease attached to the Chicago Skyway Toll Bridge, according to people with knowledge of the matter.
The firms are working with an adviser to solicit interest in the 7.8-mile (12.6 kilometers) toll-road concession, the people said, requesting anonymity to discuss private negotiations. Any transaction is expected to value the asset at more than $4 billion including debt, one of the people said.