Omers completed the acquisition of a 19.99% stake in TransGrid from Wren House.

Omers Infrastructure, an investor and asset manager, completed the acquisition of a 19.99% stake in TransGrid, a manager and operator of the high voltage electricity transmission network, from Wren House Infrastructure Management, an infrastructure investment management company. Financial terms were not disclosed. “By investing in TransGrid, OMERS is supporting our delivery of safe, reliable and affordable electricity to customers and assisting to progress the critical infrastructure projects being planned and delivered by TransGrid as we lead the energy transition which is under way in Australia. At this time, I’d also like to thank Wren House for their support as a shareholder over the last five years and for their contribution to the business as it has transformed from a state-owned to a privately-owned company,” Paul Italiano, TransGrid Chief Executive Officer.