OMERS, Ontario Teachers’ to sell High Speed 1 to consortium
Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), and Ontario Teachers’ Pension Plan have agreed to sell HS1 Ltd, the owner and operator of High Speed 1, a U.K. high-speed rail system. No financial terms were released. The buyer is a consortium led by InfraRed Capital Partners and Equitix Investment Management. Borealis and Ontario Teachers’ bought the 30-year concession for the HS1 network in 2010 for £2.1 billion ($3.5 billion). The network connects London St Pancras International station with the Channel Tunnel.
14 July 2017•6 mins read
