OMERS, Ontario Teachers' contemplate sale of High Speed 1
Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), and Ontario Teachers’ Pension Plan announced they are undertaking a strategic review of their ownership of HS1 Ltd, the owner and operator of High Speed 1, a U.K. high-speed rail system. The review has been prompted by investment inquiries from third parties, Borealis and Ontario Teachers' said. The pension funds acquired the 30-year concession for the HS1 network for £2.1 billion ($3.5 billion) in 2010. The network comprises the 109 kilometre rail line and stations between London and the Channel Tunnel.
8 December 2016•3 mins read
