Borealis Infrastructure, the infrastructure investment arm of OMERS has agreed to sell its 57% stake in Enwave Energy Corporation for $223 million.

“Enwave was one of the first investments made by Borealis Infrastructure, and we are extremely proud to have been an integral part of building it into the great company it is today,” said Michael Rolland, president and CEO of Borealis Infrastructure.

The buyer, a corporation indirectly-owned by a partnership sponsored by Toronto’s Brookfield Asset Management reached a similar agreement to buy the remaining 43% stake from the City of Toronto.

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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