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8. March 2010 10:34 Egoli

Snippets Corner: 08 March 2010 - ITO

Snippets Corner: 08 March 2010 - ITO

Intoll Group (ITO) has agreed a full and final settlement of its litigation with Ontario Teachers Pension Plan and Golden Apple Infrastructure Inc (OTPP) related to the conversion of Reset Convertible Notes by OTPP in 2006. The company, formerly known as Macquarie Infrastructure Group, said in consideration for the settlement, it has agreed to pay OTPP $20 million. Intoll said it continues to see improvements in traffic volumes at its two toll road assets - 407 ETR in Toronto and Westlink M7 in Sydney.

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