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Canada's Airports Up for Sale: Pension Funds Eye Opportunities
Description
Canadas government is considering privatizing its 23 major airports, including Toronto Pearson, to attract investments from pension funds. A new sovereign wealth fund is also being established. Pension heavyweights, such as the Canada Pension Plan fund, are eager to invest in airports due to their stable and global-scale nature. Legislation is being introduced to require airport operators to share value data with the transport minister. This asset recycling push could generate billions for infrastructure projects, blending investor expertise with government objectives.
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