The Ontario Teachers’ Pension Plan is selling its 60 per cent stake in the Sydney Desalination Plant to the Utilities Trust of Australia. The UTA, which previously owned 40 per cent of the plant, will now take full ownership of the facility, which can produce up to 250 million litres of drinking water per day. […]
The Caisse de dépôt et placement du Québec and Investissement Québec are each acquiring a minority stake in Quebec-based steelmaker the Honco Group. The transaction consolidates the company’s Quebec-based ownership while accelerating its Canadian and international expansion, according to a press release. “This milestone marks an important step in our approach to value creation and […]
The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are supporting an investment deal in which alternative asset manager Apollo will invest $6.5 billion for a 50 per cent stake in an offshore wind project. The transaction for Ørsted’s Hornsea 3 — a U.K.-based ongoing clean energy project — […]
An article on one of Pratt & Whitney Canada’s wins in Benefits Canada’s 2025 Workplace Benefits Awards was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Pratt & Whitney Canada’s winning well-being program centres around four pillars of […]
Hudson’s Bay Co. is returning its former stores to landlords, effectively ending a British Columbia billionaire’s fight to take over the collapsed retailer’s leases. Franco Perugini, HBC’s senior vice-president of real estate and legal, said in an email to the Canadian Press that the company is disclaiming the leases it had for 25 properties that […]
Five of Canada’s largest pension funds earned high marks for their public reporting efforts, according to a new report from Top1000funds.com and CEM Benchmarking Inc. It ranked pension funds on their costs, governance, performance and responsible investment efforts. Canada’s pension system received an average overall score of 92 out of 100, a one-point increase from […]
A sustainability investments classification platform co-founded by the British Columbia Investment Management Corp. is being acquired by Net Purpose. The financial details of the transaction weren’t disclosed. Through this deal, Net Purpose will bring SDI AOP methodology, data processing and customer functions in house. It will also launch enhanced sustainable development goal classifications. “As a […]
The Caisse de dépôt et placement du Québec is granting operational management of its office buildings in Quebec to real estate services firm Canderel. This partnership is designed preserve the style and character of Quebec buildings that belong to the investment organization. The move will allow the Caisse to focus entirely on its investment operations, […]
The Canada Pension Plan Investment Board is acquiring an additional 25 per cent stake in the environmental services division of FCC Servicios Medio Ambiente Holding S.A.U. The deal will see the CPPIB pay $1.6 billion for the increased interest, which will see it increase its stake to 49.99 per cent. “Increasing our stake in FCC […]
An article on why Canadian retirees are withdrawing less income from their workplace savings plans was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Decumulation shift: Canadian retirees withdrawing less from workplace plans in recent years, says expert […]