Announced
Completed
Financials
Tags
Private Equity
Minority
Single Bidder
Acquisition
Friendly
United Kingdom
energy transmission
Electricity Distribution
Private
Cross Border
Completed
Synopsis
Ontario Teachers' Pension Plan Board, an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario, completed the acquisition of a 25% stake in SSEN Transmission, an energy transmission company, from SSE, an energy company, for £1.46bn. “SSEN Transmission is one of Europe’s fastest growing transmission networks. Its network stretches across some of the most challenging terrain in Scotland – from the North Sea and across the Highlands – to deliver safe, reliable, renewable energy to demand centres across the UK. We’re delighted to partner again with SSE and are committed to supporting the growth of its network and the vital role it plays in the UK’s green energy revolution," Charles Thomazi, OTPPB Senior Managing Director.
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