This week’s tragedy in Belgium has a connection to Canada’s pension industry as it turns out the Ontario Teachers’ Pension Plan has a stake in the Brussels airport.
“We are deeply saddened and shocked by the tragedy in Brussels and our thoughts are with all of those that have been affected,” the OTPP said in a statement this week following the terror strikes that included an attack on the Brussels airport.
“We are in close contact with Brussels Airport and the Belgium government, providing whatever support we can.”
The OTPP acquired a 39-per-cent stake in the Brussels airport in 2011. Other shareholders include Macquarie European Infrastructure Funds and the Belgian government. The Brussels airport is among several European transportation facilities in which the OTPP has a stake. Its infrastructure portfolio includes airports in Birmingham and Bristol, England, as well as one in Copenhagen. The OTPP is also among several Canadian pension funds that reached a recent deal to buy the London City Airport.