Ontario funds buy UK gas distribution network

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CANADA - Two Ontario pension funds, through their part stake in gas company Scotia Gas Networks (SGN), have acquired the Scotland and South of England gas distribution networks from National Grid Transco for CAN$7.25bn.

Borealis Infrastructure Management Inc, a Ontario Municipal Employees Retirement System (OMERS) company, and the Ontario Teachers’ Pension Plan (OTPP) each invested about CAN$555m for a 50% combine...

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