Ontario Teachers becomes sole owner of Bristol Airport: Reuters

Ontario Teachers' Pension Plan is buying out co-shareholder Australian asset manager Macquarie Group Ltd in Bristol Airport, giving the Canadian institutional investor complete control of the U.K.'s ninth busiest airport, Reuters reported. Although the companies did not disclose financial terms of the deal, a source said Ontario Teachers could spend up to US$408 million to buy Macquarie European Infrastructure Fund's 50 percent stake. The deal is expected to close this month.

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