Toronto's Pearson airport said to be worth C$5b in possible sale

Ottawa

CANADA is considering the sale of at least a minority stake in Toronto Pearson International Airport that values the country's busiest airport at about C$5 billion (S$5.1 billion), according to people familiar with the matter.

The stake sale, just one of many options laid out in a report to the government prepared by Credit Suisse Group AG, would free up billions of dollars for new infrastructure projects, the people said, asking not to be identified because the matter is private.