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Ontario Teachers’ conclut un accord pour céder sa participation dans Caruna à Iberdrola

 · lecture de 1 min
  • Iberdrola has agreed to acquire majority ownership of Finland’s largest electricity distribution company Caruna, including the 40% shareholding of Ontario Teachers’

London, July 21, 2026: Ontario Teachers’ Pension Plan Board (Ontario Teachers’) today announced that it has reached an agreement to sell its 40% shareholding in Caruna, as part of a broader transaction that will see Iberdrola become the new majority shareholder for the business. The transaction values Caruna at around €5 billion, including its financial debt.

Caruna is Finland’s largest energy distribution company delivering around 12,000 GWh of electricity to over 740k customers in 80 cities and municipalities across the country. During the period of Ontario Teachers’ ownership, the key focus has been to support Caruna’s growth and strengthen the network, to improve resilience, drive security of supply and help support Finland’s energy transition.

James Adam, Senior Managing Director, Infrastructure at Ontario Teachers’ said: “We are proud to have been part of Caruna’s growth and development for the past five years. We would like to thank Matti Ruotsala, Jyrki Tammivuori and the Caruna team for their continued hard work in ensuring it delivers secure, reliable energy to its customers. We are confident that together with Iberdrola, Caruna will continue its success in its next chapter.”

The investment is subject to regulatory approvals and customary closing conditions.

Media Contacts

Finland
Fipra: Harri Kammonen
harri.kammonen@manifesto.fi

EMEA
Neil Maitland (Kekst CNC)
otpp@kekstcnc.com

About Ontario Teachers’
Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of $279.4 billion as of December 31, 2025. Ontario Teachers’ is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 346,000 working members and pensioners. For more information, visit otpp.com and follow us on LinkedIn.