Sunsuper and TCrop acquired stakes in Bristol and Birmingham International Airports from OTPP.

Sunsuper and TCrop acquired stakes in Bristol and Birmingham International Airports from OTPP. TCorp and Sunsuper will each acquire separate 15% stakes in a new holding company established to hold OTPP's interests in the airports. Financial terms were not disclosed. "Working with like-minded partners who bring new ideas, capital and expertise to the table is core to our broader investment strategy," said Andrew Claerhout, Senior Managing Director, Infrastructure and Natural Resources at Ontario Teachers'. "We look forward to TCorp and Sunsuper joining us as shareholders, alongside the strong teams at Bristol and Birmingham and Ontario Teachers' enduring partnership with the District authority shareholders in Birmingham. Under the new shareholder structure we will continue to focus on creating long-term value for all stakeholders including the 19 million passengers who fly through these two airports every year."