Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board agreed to acquire 49% stake in Concesionaria Autopista Guadalajara - Tepic, S.a. De C.v from Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V. (BMV:IDEAL B-1) for MXN 7.7 billion on October 2, 2018. Ontario Teachers' Pension Plan Board and Canada Pension Plan Investment Board are expected to make an initial payment of MXN 4.5 billion, with the possibility of making a second payment of up to MXN 3.1 billion. Based on the deal, IDEAL would retain a 51% stake in its subsidiary, which holds the concessions for highways in Mexico's western coast region, while CPPIB would acquire a 29% stake and Ontario Teachers the remaining 20%. As of November 5, 2018, the European Commission has been notified for the approval of the transaction with a deadline of December 10, 2018. On November 29, 2018, The European commission provided its approval on the transaction.