OTPP to buy 20% stake in Bell Globe Media

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CANADA - The $83.4bn Ontario Teacher's Pension Plan (OTTP) has committed to purchasing a 20% stake in Canadian media company Bell Globemedia (BGM).

Expected to take place in the third quarter of 2006 and subject to regulatory approval, OTPP will purchase its interest in Bell Globemedia from BCE for $283m. “Our investment in Bell Globemedia ...

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