OTPP to Boost Birmingham Airport Holding
Toronto-based Ontario Teachers’ Pension Plan (OTPP) plans to augment its interest in Birmingham Airport (United Kingdom) to 48.25%. OTPP acquired a 19.25% stake in the airport from Victorian Funds Management Corporation (VFMC), a superannuation funds manager. A long-term investor indeed, OTPP made its initial investment in the airport in 2001. The pension investor boosted its stake in 2007.
In addition, OTPP is the sole owner of Bristol International Airport in England and holds a 39% stake in Brussels Airport Co. OTPP owns a 30% stake in Copenhagen Airport. Andrew Claerhout leads the infrastructure team at OTPP.
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