Canadians bet on UK water for their pensions

Recent changes in Thames Water’s ownership have seen Canadian pension fund OMERS accumulate more than 25% of the company.

Almost half of Thames Water’s equity has changed hands this year, with Canadian investor OMERS Infrastructure Management (formerly Borealis) alone building up a stake of just over 27% in the UK’s largest water company.

Borealis acquired an initial 17.543% interest in March, when it and the Kuwait Investment Authority’s Wren House subsidiary jointly acquired Macquarie’s...

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