OMERS Infrastructure to invest in Puget Sound Energy
OMERS Infrastructure has agreed to acquire a 24 percent stake in Puget Holdings LLC, which holds Puget Sound Energy, the oldest and largest energy utility in Washington state. Terms weren't disclosed. In a statement, Puget said Alberta Investment Management Corp (AIMCo) and British Columbia Investment Management Corp (BCI) are also increasing positions they have held since 2009 to 13.6 percent and 20.9 percent, respectively. Canada Pension Plan Investment Board, also an investor since 2009, continues with a 31.6 percent stake. Investments by OMERS, AIMCo, BCI and Dutch pension system PGGM will acquire the 44 percent interest held by Macquarie Infrastructure Partners.
8 August 2018•2 mins read
