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<title>OTPP: Infrastructure News</title>
<description>OTPP.com delivers news about the Ontario Teachers' Pension Plan - the largest single-profession pension plan in Canada</description>
<link>http://www.otpp.com/web/website.nsf/web/2007releases</link>
<lastBuildDate>Fri, 25 Jul 2008 04:30:00 PM -0400</lastBuildDate>
<item><title><![CDATA[Teachers' and Morgan Stanley Infrastructure complete acquisition of SAESA Group]]></title><pubDate>Fri, 25 Jul 2008 04:30:00 PM -0400</pubDate><description><![CDATA[The Ontario Teachers' Pension Plan (Teachers') and Morgan Stanley Infrastructure (MSI) have completed the transaction to jointly acquire SAESA Group (SAESA), a Chilean electricity distribution, transmission and generation company from Public Service Enterprise Group (PSEG) for a purchase price of US$887 million. Under the agreement announced with PSEG on June 17, Teachers&#8217; and MSI each own 50% of the company and have assumed approximately US$400 million in existing company debt. The enterprise value of the company is US$1.3 billion. <a href=http://www.otpp.com/web/website.nsf/web/saesa_close_spanish>español</a>]]></description><link>http://www.otpp.com/web/website.nsf/web/saesa_close</link><guid>http://www.otpp.com/web/website.nsf/web/saesa_close</guid></item><item><title><![CDATA[Teachers' promotes investment managers with track record for value added performance]]></title><pubDate>Wed, 16 Jul 2008 11:00:00 AM -0400</pubDate><description><![CDATA[The Ontario Teachers' Pension Plan (Teachers') has announced the promotions of seven executives in the Investment division. The appointments include: Stephen Dowd, Senior Vice-President, Infrastructure; Ron Mock, Senior Vice-President, Alternative Investments; Jason Chang, Vice-President, Fixed Income Capital Management; Kevin Kerr, Vice-President, Infrastructure; and Andrew Claerhout, Shael Dolman and Glen Silvestri to Vice-President, Teachers' Private Capital. ]]></description><link>http://www.otpp.com/web/website.nsf/web/investmentpromotions0708</link><guid>http://www.otpp.com/web/website.nsf/web/investmentpromotions0708</guid></item><item><title><![CDATA[Teachers' and Morgan Stanley Infrastructure to acquire PSEG's Chilean Electricity Assets]]></title><pubDate>Tue, 17 Jun 2008 09:15:00 AM -0400</pubDate><description><![CDATA[ Morgan Stanley Infrastructure ("MSI") today announced that they have entered into a definitive agreement to jointly acquire SAESA Group ("SAESA"), a Chilean electric distribution,  transmission and generation unit of Public Service Enterprise Group ("PSEG") for a purchase price of approximately US$870 million. Teachers' and MSI will also assume more than $400 million in existing company debt. Ownership of the US$1.3 billion enterprise will be shared equally. ]]></description><link>http://www.otpp.com/web/website.nsf/web/infrastructure_pseg_chileanelectrical</link><guid>http://www.otpp.com/web/website.nsf/web/infrastructure_pseg_chileanelectrical</guid></item><item><title><![CDATA[Teachers' completes purchase of controlling interest in Esval S.A.]]></title><pubDate>Mon, 24 Dec 2007 11:00:00 AM -0400</pubDate><description><![CDATA[Teachers' has completed the purchase of 69.4% of shares in Chilean water services operator Esval S.A. and its subsidiary Aguas del Valle, S.A., for C$570&nbsp;million (US$570&nbsp;million).  <a href=http://www.otpp.com/web/website.nsf/web/esval_close_spanish>español</a>]]></description><link>http://www.otpp.com/web/website.nsf/web/esval_close</link><guid>http://www.otpp.com/web/website.nsf/web/esval_close</guid></item><item><title><![CDATA[Teachers' and Australian partner complete acquisition of 48.25% stake in Birmingham Airport]]></title><pubDate>Wed, 19 Sep 2007 09:30:00 AM -0400</pubDate><description><![CDATA[Airport Group Investments Ltd. (AGIL), a limited company owned by the Teachers' and Australia&#8217;s Victorian Funds Management Corp. (VFMC), now owns a 48.25%  interest in Birmingham International Airport. ]]></description><link>http://www.otpp.com/web/website.nsf/web/tpc_birminghmamclose</link><guid>http://www.otpp.com/web/website.nsf/web/tpc_birminghmamclose</guid></item><item><title><![CDATA[Ontario Teachers' Pension Plan completes purchase of interests in Chilean water utilities]]></title><pubDate>Mon, 27 Aug 2007 04:30:00 PM -0400</pubDate><description><![CDATA[The Ontario Teachers&#8217; Pension Plan has completed its purchase of interests in Empresa de Servicios Sanitarios del Bio-Bio S.A. and Aguas Nuevo Sur Maule, S.A., two water utilities representing 20 per cent of regulated water and wastewater services in Chile. <a href="http://www.otpp.com/web/website.nsf/web/essbio_spanish">español</a>]]></description><link>http://www.otpp.com/web/website.nsf/web/essbio</link><guid>http://www.otpp.com/web/website.nsf/web/essbio</guid></item><item><title><![CDATA[Teachers' to acquire Chile's third largest water/wastewater company]]></title><pubDate>Fri, 10 Aug 2007 09:00:00 PM -0400</pubDate><description><![CDATA[The Ontario Teachers' Pension Plan (Teachers') has agreed to acquire up to 100 per cent of Esval S.A., a public water and wastewater company in Central Chile. <a href=http://www.otpp.com/web/website.nsf/web/esval_spanish>español</a>]]></description><link>http://www.otpp.com/web/website.nsf/web/esval</link><guid>http://www.otpp.com/web/website.nsf/web/esval</guid></item><item><title><![CDATA[Teachers' closes New York Container Terminal Deal]]></title><pubDate>Sat, 9 Jun 2007 12:00:00 PM -0400</pubDate><description><![CDATA[The Ontario Teachers&#8217; Pension Plan (Teachers&#8217;) has completed its purchase of the New York Container Terminal on Staten Island, New York. The New York facility is the last of four marine container terminals to be purchased by Teachers&#8217; from Hong Kong&#8217;s Orient Overseas (International) Ltd. for $2.4 billion US.]]></description><link>http://www.otpp.com/web/website.nsf/web/gtc_nyc_close</link><guid>http://www.otpp.com/web/website.nsf/web/gtc_nyc_close</guid></item><item><title><![CDATA[Teachers' and Victorian Funds Management agree to buy 48.25% stake in Birmingham Airport]]></title><pubDate>Thu, 17 May 2007 12:00:00 PM -0400</pubDate><description><![CDATA[Airport Group Investments Ltd. (AGIL), a limited company owned by the Ontario Teachers' Pension Plan (Teachers') and Victorian Funds Management Corp. (VFMC), has entered into a conditional agreement to acquire a 48.25% interest in Birmingham International Airport for £420 million ($918 Cdn).]]></description><link>http://www.otpp.com/web/website.nsf/web/tpc_birmingham_airport</link><guid>http://www.otpp.com/web/website.nsf/web/tpc_birmingham_airport</guid></item><item><title><![CDATA[Teachers' to acquire interests in two Chilean water companies]]></title><pubDate>Tue, 15 May 2007 12:00:00 PM -0400</pubDate><description><![CDATA[Teachers' announced it has agreed to acquire interests in two water supply, distribution and wastewater services companies in central Chile. The amount of the entire transaction is undisclosed. <a href=http://www.otpp.com/web/website.nsf/web/chilean_water_spanish>español</a>]]></description><link>http://www.otpp.com/web/website.nsf/web/chilean_water</link><guid>http://www.otpp.com/web/website.nsf/web/chilean_water</guid></item><item><title><![CDATA[Letter confirms Teachers' US$57 million commitment for long term investment, growth in Port of  New York and New Jersey]]></title><pubDate>Mon, 16 Apr 2007 12:00:00 PM -0400</pubDate><description><![CDATA[Teachers' today sent a joint letter with Orient Overseas (International) Limited to the Port Authority of New York and New Jersey ("Port Authority") confirming its commitment to long-term investment, economic development and job growth in the Port of New York and New Jersey. ]]></description><link>http://www.otpp.com/web/website.nsf/web/portcommitment</link><guid>http://www.otpp.com/web/website.nsf/web/portcommitment</guid></item><item><title><![CDATA[Accomplished transportation industry exec chairs GCT Global Container Terminals Inc. board of directors]]></title><pubDate>Tue, 20 Feb 2007 01:00:00 PM -0400</pubDate><description><![CDATA[Paul M. Tellier, former Chief Executive Officer of Canadian National Railway and Bombardier Inc., has been appointed Chairman of the Board of GCT Global Container Terminals Inc., an Ontario Teachers&#8217; Pension Plan private investment company.]]></description><link>http://www.otpp.com/web/website.nsf/web/gct_tellier</link><guid>http://www.otpp.com/web/website.nsf/web/gct_tellier</guid></item><item><title><![CDATA[GCT Global Container Terminals Inc. announces executive appointments]]></title><pubDate>Tue, 20 Feb 2007 12:00:00 PM -0400</pubDate><description><![CDATA[Captain Norman Stark has been appointed Chief Executive Officer of GCT Global Container Terminals Inc., the newly-named marine terminal corporation acquired recently by Ontario Teachers&#8217; Pension Plan (Teachers&#8217;). Joining Captain Stark as the corporation&#8217;s Chief Financial Officer is Brian Pettipas, CA, CBV.]]></description><link>http://www.otpp.com/web/website.nsf/web/gct_stark_pettipas</link><guid>http://www.otpp.com/web/website.nsf/web/gct_stark_pettipas</guid></item><item><title><![CDATA[Teachers' closes New Jersey and Vancouver segments of marine container terminal deal]]></title><pubDate>Thu, 11 Jan 2007 12:00:00 PM -0400</pubDate><description><![CDATA[Teachers' today announced that, with all regulatory approvals received, it has completed its purchase of the first three of four marine container terminals in North America from Orient Overseas (International) Limited of Hong Kong.]]></description><link>http://www.otpp.com/web/website.nsf/web/portclose</link><guid>http://www.otpp.com/web/website.nsf/web/portclose</guid></item></channel>
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