Japan GPIF and TCorp Acquire Stakes in Brussels Airport
Posted on 01/08/2020
Japan Government Pension Investment Fund (GPIF) and TCorp, an Australian public institutional investor, purchased a stake in Brussels Airport from Ontario Teachers’ Pension Plan. Ontario Teachers’ Pension Plan remains the largest shareholder in the airport after close. Before the sale, Ontario Teachers’ held a 39% stake in the airport.
GPIF has a mandate with the Stepstone Group. GPIF made the stake purchase through StepStone Infrastructure & Real Assets.
Belgian Federal Holding and Investment Company (SFPI/FPIM) holds a 25% stake in Brussels Airport. APG Asset Management and QIC are also investors in the airport.
Ontario Teachers’ Pension Plan has airport investments such as Bristol Airport, Birmingham Airport, and London City Airport. In 2017, TCorp purchase equity positions in Bristol Airport and Birmingham Airport.
Keywords: Ontario Teachers Pension Plan.