OMERS' Borealis to buy 34.6 pct stake in Chile's GNL Quintero
Borealis Infrastructure has agreed to acquire a 34.6 percent interest in GNL Quintero SA, a Chilean land-based terminal for the receiving, unloading, storage and regasification of liquefied natural gas. No financial terms were released. As part of the transaction, Borealis has agreed to grant Enagás, one of GNL's existing owners, a 12-month call option for 5 percent of its shares. Empresa Nacional del Petróleo also holds a GNL stake. Borealis is the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS). The deal marks OMERS' first direct infrastructure investment in South America.
11 April 2017•3 mins read
