Ontario Teachers' to sell minority stakes in two British airports: Reuters
Ontario Teachers' Pension Plan (OTPP) is looking to sell minority stakes in Britain's Bristol and Birmingham airports, a source told Reuters. OTPP, which manages around $170 million and is a big investor in British infrastructure projects, currently owns 100 percent of Bristol Airport and around 50 percent of Birmingham Airport. While keen to remain invested in the assets, the pension fund is looking to take advantage of demand from long-term investors for the often-attractive returns on offer from high-quality infrastructure, the source said.
17 February 2017•1 min read
