CPP board and other pensions to buy Chicago toll road

Three of Canada’s largest pension fund managers said on Friday that they would acquire the operator of the Chicago Skyway toll road for $2.8 billion. The Canada Pension Plan Investment Board, Ontario Municipal Employees Retirement System (OMERS) and Ontario Teachers’ Pension Plan will each own a one-third interest in Skyway Concession Co LLC, which has an agreement to operate the road until 2104. Reuters