Borealis Infrastructure, the infrastructure investment manager of OMERS, the pension plan for municipal workers in Ontario, Canada, has today announced the purchase of an additional 5.5% interest in Kemble Water Holdings Ltd, the ultimate holding company of Thames Water.
Borealis Infrastructure has bought the stake from AMP Capital, one of Australia's largest retail and corporate pension providers.
OMERS became an investor in Thames Water less than two months ago, and following completion of the transaction announced today, will increase its overall interest to 23%. Investments are aimed at steady returns to help deliver strong and sustainable pensions to OMERS members.
The transaction is expected to close later this year.
Borealis Infrastructure and OMERS Private Equity invests globally in infrastructure and private equity assets on behalf of OMERS, the pension plan for Ontario’s municipal employees.
OMERS is one of Canada's largest pension funds with net assets of more than C$85 billion.
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations.
Craig Nienaber, Business Development Manager for Safe Access Solutions (SAS) at HUBER Technology, explores why the company is seeing a growing level of interest in its safe access solutions for critical infrastructure providers, including their application in wastewater treatment assets.
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development.
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.