La Caisse to acquire Transurban toll road stake

Transurban has sold its half of the share in a 7.2 kilometre toll road and bridge in Canada to La Caisse for C$280 million($283.4m), making it the sole owner of the asset.

A25 Concession connects Northern Montreal across the Rivière des Prairies to commercial and residential areas.

The transaction follows La Caisse's initial investment in 2023, when it acquired a 50% stake from Transurban in the A25 Concession. Plenary Americas, a La Caisse portfolio company, will support the asset's day-to-day operations.

Plenary Americas is a developer, manager and operator of infrastructure assets, particularly in public-private partnership models. It operates multiple road assets across North America.

La Caisse executive vice-president and head of infrastructure and sustainability Emmanuel Jaclot said: "By becoming sole owner, La Caisse strengthens its position in a Québec asset it knows well, while gaining greater flexibility in its management."

"As one of only two public-private partnership toll roads in Québec, the A25 Concession plays an important role in mobility across Greater Montréal by connecting the east end of Montréal to fast-growing economic areas on the North Shore," Jaclot said.

La Caisse said A25 customers will not be affected by the transaction and payment methods along with customer support channels such as the website and service centre will continue to operate as usual.