CDPQ in exclusive talks to buy GIP’s Highway Concessions One road portfolio

MUMBAI: Canada’s second largest pension fund manager Caisse de dépôt et placement du Québec (CDPQ) is in exclusive talks to acquire Highway Concessions One, a roads portfolio owned by infrastructure fund manager Global Infrastructure Partners (GIP), two people aware of the development said.

“CDPQ is the only one left in the race now and they are in exclusive talks with GIP,” said the first of the two people cited above, both of whom spoke under condition of anonymity.

The sale of the roads to CDPQ could fetch up to ₹3,000 crore in enterprise valuation, he said.