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Ontario Teachers’ Pension Plan Sold Express-Platte Pipeline System Stake

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otppAccording to the press release, “Ontario Teachers’ Pension Plan (Teachers’) today announced that it has completed the previously announced sale of its one-third interest in Express-Platte Pipeline System (Express-Platte Pipeline) to Spectra Energy Corp (Spectra Energy) for approximately $430 million.

Teachers’ partners in Express-Platte Pipeline, Borealis Infrastructure and Kinder Morgan Energy Partners, L.P., also sold their interests to Spectra Energy. Teachers’ acquired its interest in 2003 through its Infrastructure Group.

The Express-Platte Pipeline consists of two crude oil pipelines. The 1,717-mile (2,763-kilometre) integrated oil transportation network connects Canadian and U.S. producers to refineries in the Rocky Mountain and Midwest regions of the U.S.

Teachers’ Infrastructure Group manages an international portfolio of approximately $9 billion, including water and wastewater, electricity distribution, gas distribution, airports, power generation, high-speed rail and port facilities.”

Read more: Press Release

Russia-Japan Investment Fund to Back Wood Pellet Production in Russia

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The Russian Far East has a lot of timber, and for that wood pellets is a source of biofuel. A while back, the Russian Direct Investment Fund (RDIF) formed the Russia-Japan Investment Fund (RJIF) with the Japan Bank for International Cooperation (JBIC). RDIF and JBICIG Partners as part of RJIF, together with RFP Group and Japan’s Prospect Co., Ltd. have agreed to collaborate and consider potential investments in Russia’s biofuel industry. JBICIG Partners is a subsidiary of the Japan Bank for International Cooperation.

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RDIF Lures Asian Investors Toward Russian Surgical Robot Project

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The Russian Direct Investment Fund (RDIF) is partnering with a number of unnamed Asian co-investors to allocate capital toward a project to create and manufacture Russian surgical robots. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Oman Infrastructure Investment Fund Near Creation

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The Oman State General Reserve Fund is nearing the formation of the Oman Infrastructure Investment Fund. This fund will raise capital from third-party investors to invest in Oman’s infrastructure and in certain areas of technology.

The fund will also invest in areas of technology in healthcare, specifically in medical equipment. The fund will also explore investing in blockchain technologies.

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