Essel Group in talks to sell road assets to CDPQ, Cube Highways

Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter said, requesting anonymity. A potential deal could be a major reprieve for the Subhash Chandra-led group that is struggling to repay lenders.