Ontario Teachers’ sells minority stake in Brussels

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The largest individual shareholder in Brussels Airport, Ontario Teachers’ Pension Plan (Ontario Teachers’), has sold a minority interest of its indirect stake in the Belgian airport.

Ontario Teachers’, which will remain the largest individual shareholder, has sold the minority interest to TCorp and GPIF (through a StepStone managed vehicle).

“As a leading infrastructure investor with a global mandate, part of our strategy is to establish and deepen relationships with like-minded partners who bring new ideas, capital and expertise to the table. We look forward to working with our new co-investors,” said Dale Burgess, senior managing director, infrastructure and natural resources at Ontario Teachers’. “Under the new shareholder structure, we will continue to focus on creating long-term value for all stakeholders.”

Ontario Teachers’, Canada’s largest single-profession pension plan, is the largest private investor in airports in Europe, with holdings in five freehold airports: Copenhagen Airport, Brussels Airport, Bristol Airport, Birmingham Airport and London City Airport. Ontario Teachers’ has been an investor in Brussels Airport since 2011.

New Brussels Airport shareholders TCorp and GPIF are, respectively, the financial services provider to the New South Wales public sector in Australia and an investor in Japan’s pension reserve fund.

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Tara has worked for UKi Media & Events since 2013, initially as a freelancer. She has been a journalist for over a decade and has worked for a range of publications, including Personnel Today, Management Today and The Grocer.

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