SOUTH AFRICA - A consortium involving the Ontario Teachers' Pension Plan (OTPP) has had a purchase offer of ZAR6bn (US$850m) accepted by South African glass manufacturer Consol.
Other partners involved in the deal were Ethos Private Equity Fund, Sphere Private Equity Fund I, Sphere Investments and Sanlam Life Insurance.
The news comes just two weeks after the OTPP announced an agreement with Orient Overseas of Hong Kong to purchase four marine container terminals in North America for $2.4bn.
The US$84bn fund said the assets would be held within the pension plan’s infrastructure and timber portfolio, which totalled US$6.5bn after the acquisition.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model