Borealis completes $450 mln purchase of larger stake in Bruce Power
Borealis Infrastructure and other parties have closed their previously announced buy of a further 31.6 percent interest in nuclear generating facility Bruce Power. Borealis paid $450 million to secure a position that was held in part of the facility by Cameco Corp (TSX:CCO). As a result of the transaction, it took an additional 29.8 percent stake in Bruce Power, which in 2013 was responsible for the majority of Ontario's nuclear power. Borealis is the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS).
28 March 2014•2 mins read
