Canadian pension funds sell Britain's High Speed 1 rail link: Reuters
Two leading Canadian pension funds have agreed to sell their stakes in Britain's High Speed 1 (HS1) rail project to a consortium of funds including HICL Infrastructure and South Korea's National Pension Service, Reuters reported. The deal valued HS1 at more than 3 billion pounds (US$3.9 billion), two sources said. The deal was struck with Borealis Infrastructure, the infrastructure investment manager of the Ontario Municipal Employees Retirement System (OMERS), and Ontario Teachers' Pension Plan, which have held their stake since 2010. HS1 operates the 109-kilometre high-speed rail line connecting London St Pancras International station with the Channel Tunnel.
14 July 2017•2 mins read
