Quarterhill Inc T.QTRH

Et voila

[cabbieJBJ]

Canadian Pension Fund Will Acquire Five India Toll Road Concessions

The Economic Times reports, Quebec-based pension fund manager CDPQ is prepared to sign an agreement to acquire five build-operate-transfer toll road assets of Ashoka Concessions, a subsidiary of Ashoka Buildcon LTD. All the facilities “have an average tolling track record of 10 years with established traffic density” and report recent revenue increases. Ashoka Concessions is owned by its parent company and SBI Macquarie. The deal has a reported enterprise value of INR 4,500 crore (approximately USD 535.3 million), acccording to unnamed sources.

Ashoka Concessions is owned by its parent and SBI Macquarie. Spokespersons for CDPQ and Macquarie declined to comment. Ashoka Buildcon did not respond to a comment request.

[ChiChi3]

This is interesting Cabbie but I'm not sure how this type of transaction would benefit Qtrh.  I can see the obvious relationship but Qtrh doesn't own the tolls they build so someone buying the tolls wouldn't help them.  Perhaps you are thinking large institutional investors like pension plans may buy Qtrh and start building tolls?  Maybe, but I think pension plans would

[cabbieJBJ]

Just interesting Chi. The Caisse sees tolling as a  profitable opportunity.  It could be somewhat in the same vien as Guardian Capital's acquisition of Q-Free to leverage infrastructure projects that they finance. Maybe the Caisse needs tolling tech. The Caisse's acquisition is just an interesting tidbit.

[ChiChi3]

Ok, thanks for sharing Cabbie! chi