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CDPQ acquires a 50% interest in the A25 Concession from Transurban for C$355M

Date Closed

February 28, 2023

Lead Office



355.00 Million CAD

On February 28, 2023, Caisse de dépôt et placement du Québec (“CDPQ”) completed the acquisition of a 50% interest in the A25 Concession from Transurban for C$355 million. The A25 Concession consists of a 7.2 km toll road and bridge network which serves as a vital component of the Greater Montreal transportation network.

The transaction gives CDPQ co-control over a high-quality asset which plays a central role in the transportation of the residents of Greater Montreal, as well as for the movement of merchandise in Québec and Eastern Canada.

Caisse de dépôt et placement du Québec is one of the largest pension funds in the world with C$402 billion in assets and offices in ten countries.

Transurban, headquartered in Mellbourne, Australia, is a road operator company that manages and develops urban toll road networks in Australia, Canada and the United States.

McCarthy Tétrault advised CDPQ with a team led by Patrick M. Shea that included Gregory Morin-Maltais, Benjamin Rivard, Alexanda Simard, Anca Neacsu, Richard O'Doherty, Etienne Guertin, Louis Therrien Lapointe, Jonathan Adessky, Annabelle Lecluse-Moka (Business), Annie Gagnon-Larocque, Nicholas Alevras (Real Property and Planning), Dominic Thérien, Daphné Anastassiadis (Competition), Véronique Wattiez Larose (Intellectual Property), Dominique Amyot-Bilodeau, Amelia Fong (Environmental), Kelleher Lynch, Julia Miller (Pension), Christian Meighen, Julien Leblanc (Tax), Caroline-Ariane Bernier, Jasmin Ethier (Labour and Employment), and Charles S. Morgan (Technology).