The Caisse's stake in BAA will decrease from 21.18% to 15.55%

MONTREAL, Aug. 17, 2012 /CNW Telbec/ - As part of the transaction announced by Ferrovial earlier today, the Caisse announced that its stake in BAA will decrease from 21.18% to 15.55%. The Caisse chose to exercise its tag-along right in order to sell 5.63% of its interest to Qatar Holding LLC for an amount of CDN$393.6 million (£253 million).

"The Caisse is taking this opportunity to rebalance and better diversify its infrastructure portfolio while remaining a partner of BAA, a company that owns very high-quality assets including Heathrow Airport, a global air transportation hub," said Normand Provost, Caisse Executive Vice-President, Private Equity.

Earlier today, Qatar Holding signed an agreement to acquire a 20% stake in BAA for an amount of CDN$1.4 billion (£900 million).

The transaction is conditional upon obtaining approval from the European competition authorities and is expected to be completed by the end of the year.

ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2011, it held $159.0 billion in net assets. As one of Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: www.lacaisse.com

SOURCE: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC