AIMCo, OMERS, OTPP among buyers of London City Airport
Three Canadian pension funds have formed part of a consortium that has agreed to acquire the company that operates London City Airport. No financial terms were released; however, Reuters previously reported the value of asset to be about £2 billion ($3.8 billion). The Canadian pension funds—Alberta Investment Management Corp (AIMCo), Ontario Municipal Employees Retirement System (OMERS) and Ontario Teachers’ Pension Plan—joined with Kuwait Investment Authority to buy the airport from Global Infrastructure Partners (GIP) and Highstar Capital. GIP acquired a majority stake in the asset in 2006. London City Airport served 4.3 million passengers in 2015.
26 February 2016•5 mins read
