Ontario Teachers and UTA completed the acquisition of Sydney Desalination Plant from TIF.

Ontario Teachers’ Pension Plan Board and the Utilities Trust of Australia completed the acquisition of the remaining stake in Sydney Desalination Plant from The Infrastructure Fund, a wholesale investment fund that invests in a diversified portfolio of unlisted infrastructure assets. Ontario Teachers and UTA have increased their ownership stakes to 60% and 40%. Financial terms were not disclosed. “SDP has been a great investment for Ontario Teachers’, and this incremental acquisition demonstrates our commitment as long-term, dedicated and constructive owners. Australia remains an important investment destination for us, particularly as we look to expand our portfolio in the Asia-Pacific region in the coming years,” Dale Burgess, Ontario Teachers’ Senior Managing Director.