25% of US/Canada trade depends on a single privately owned bridge

Re:25% of US/Canada trade depends on a single privately owne... by chollida1 on Monday January 15, 2024 @10:31AM (#39002040)

> It's owned by Spanish consortium, and was sold by a previous conservative gov't for a fraction of what it's made in profit, since.

It's actually majority owned by CPP( Canadian Pension Plan).

https://en.wikipedia.org/wiki/Ontario_Highway_407#:~:text=As...

> Indirectly owned subsidiaries of Canada Pension Plan Investment Board 50.01% Cintra Global S.E., a subsidiary of Spanish firm Ferrovial S.A. 43.23%

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Re:25% of US/Canada trade depends on a single privately owne... by cmrdporcupine on Monday January 15, 2024 @10:33AM (#39002060)

Indirectly owned subsidiaries of Canada Pension Plan Investment Board 50.01%[36][37]

Cintra Global S.E., a subsidiary of Spanish firm Ferrovial S.A. 43.23%[36][37]

SNC Lavalin 6.76%[36]

But the original lease sale was far more skewed:

"The Ontario corporation, known as 407 International Inc., was initially owned by the Spanish multinational Ferrovial through their subsidiary Cintra Infraestructuras (61.3%), the Montreal-based engineering firm SNC-Lavalin (22.6%) as well as CDP Capital (16.1%)"

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