OTPP to pay $550m for Chilean utilities
- From: Vol 8, Issue 7 (July 2007)
- Category: General
- Region: Americas
- Country: Canada and Chile
- Related Companies: Aguas Nuevo Sur Maule, Essbio, Ontario Teachers’ Pension Plan, Southern Cross and Thames Water
Having beaten Marubeni in the race for control of Essbío and ANSM, the Canadian pension fund will still have to rely on local management to operate the infrastructure.
Canada’s Ontario Teachers’ Pension Plan (OTPP) is likely to formally Bmove ahead with its planned takeover of Chilean water utilities Essbío and Aguas Nuevo Sur Maule in late July or early August, after having pipped Marubeni to the post for control of the companies.
Sources close to the deal said OTPP is likely to pay some $330 million ...
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