Utilities Trust of Australia completed the acquisition of a 60% stake of Sydney Desalination Plant from Ontario Teachers’ Pension Plan.

Utilities Trust of Australia, an infrastructure fund completed the acquisition of a 60% stake of Sydney Desalination Plant, a potable drinking water desalination plant, from Ontario Teachers’ Pension Plan, a global investor. Financial terms were not disclosed. “UTA has been a significant investor in SDP for many years, and we are pleased this acquisition will provide continuity for our people and customers. SDP will continue to operate as usual. With ongoing support from a foundation owner, we are well placed to continue providing high quality drinking water, enhancing Greater Sydney’s system resilience," Philip Narezzi, Sydney Desalination Plant CEO.