OMERS' Borealis to increase stake in Thames Water to 23 pct
Borealis Infrastructure has agreed to acquire an additional 5.5 percent interest in the holding company of Thames Water Utilities Ltd, a U.K. provider of water and wastewater services. No financial terms were disclosed for the deal, which is expected to close this year. The seller is Australia's AMP Capital. Borealis, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), originally became an investor in Thames Water earlier in 2017. The additional investment will increase its overall stake in the company to about 23 percent.
26 July 2017•2 mins read
