The Ontario Teachers’ Pension Plan(OTPP)has completed its purchase of three of the four marine container terminals from Hong Kong’s Orient Overseas(International)Limited.

The acquisition of the two terminals in the Vancouver-area and one in New Jersey have been completed.

The New York Container Terminal purchase is expected to close before the middle of the year.

The new assets are now part of the pension plan’s infrastructure and timber portfolio.

For background information on this story, .

To comment on this story email craig.sebastiano@rci.rogers.com.