Canada hires Morgan Stanley, CIBC to advise on sale of four largest airports' operating rights

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Canada has hired Morgan Stanley and Canadian Imperial Bank of Commerce to advise on the sale of operating rights to the country's four largest airports, Bloomberg News reported. Prime Minister Mark Carney formally announced plans to seek private investment in the government-owned assets during a speech at an investment conference on Tuesday. The four busiest airports by passenger volume are Toronto Pearson International Airport and the hubs in Montreal, Vancouver, and Calgary.

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Morgan Stanley hired to advise on the sale of operating rights to Canada's four largest airports, a mandate win.

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