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The Ontario Teachers’ Pension Plan is selling minority interests of its indirect stake in the Brussels Airport to Japan’s Government Pension Investment Fund and NSW Treasury Corp., or TCorp, the financial services provider used by the New South Wales public sector in Australia.

The Ontario Teachers’ remains the largest individual shareholder in Brussels Airport.

“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,” said Dale Burgess, senior managing director for infrastructure and natural resources at the Ontario Teachers’, in a press release.

Read: Ontario Teachers’ takes on investment partners at British airports

“We look forward to working with our new co-investors in what is truly one of the premier capital city airports in Europe and a centre of economic activity in Belgium. Under the new shareholder structure we will continue to focus on creating long-term value for all stakeholders including the 26 million passengers who fly through Brussels Airport every year.”

As the largest private investor in Europe’s airports, the Ontario Teachers’ currently holds investments in Birmingham Airport, Bristol Airport, Brussels Airport, Copenhagen Airport and London City Airport.

The sale of the minority interests in Brussels Airport is through a vehicle managed by global private markets firm StepStone Group.

Read: Ontario Teachers’ announces Copenhagen airport deal

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

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