OMERS Infrastructure ups stake in Thames Water: Reuters
Canadian pension fund OMERS said this week it had raised its stake in Thames Water, Britain's largest water company, to around 32 percent, shrugging off worries about renationalisation, Reuters reported. The infrastructure investment manager of OMERS (Ontario Municipal Employees Retirement System), said it had bought another four percent of Kemble Water Holdings Ltd, the ultimate holding company of Thames Water. The financial details of the deal, which is expected to close later this year, were not disclosed. OMERS initially agreed to invest in Thames Water in March 2017, alongside the infrastructure investing arm of Kuwait Investment Authority. The minority stake was bought from Macquarie.
15 February 2018•2 mins read
