CDPQ acquires stake in Australia’s Sydney Metro for $150 mln

Caisse de dépôt et placement du Québec (CDPQ) has acquired a 24.9 percent equity stake in the public-private partnership contract for the trains, systems, operations and maintenance of Sydney Metro, an Australian public transport project. The deal is valued at $150 million. Other investors include MTR Corp Ltd, Marubeni Corp, Plenary Group and CIMIC Group Ltd.