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Canadians invest $2.2 billion in Ideal but Slim retains control

Wednesday, March 18, 2020

Mexican infrastructure group IDEAL said on Tuesday the Canada Pension Plan Investment Board and an affiliate of Ontario Teachers' Pension Plan have offered to acquire 40 per cent of the company's shares for $2.19 billion.

The family of Mexican billionaire Carlos Slim will retain control of the company, a spokesman added, Reuters reports.