The Ontario Municipal Employees’ Retirement System has until the end of October to decide if it will serve as the lead plaintiff in a class action suit brought against an Indian solar energy sector business. The lawsuit, which charges Azure Power Global Ltd. and several of its current and former executives with violations of the […]
The Public Sector Pension Investment Board says it dumped a significant portion of its shares in two giant technology companies during the first half of 2021. In a report to the U.S. Securities Exchange Commission, the investment organization showed the total number of shares it held in Apple Inc. decreased by 680,541 during the first […]
The Ontario Municipal Employees’ Retirement System is investing in an Arizona-based solar energy business. In a deal reached with Clairvest Group Inc., the institutional investor secured a minority stake in NovaSource Power Services, which provides solar panel servicing for industrial and residential customers and manages 20 gigawatts of solar assets. Following the transaction, Clairvest will […]
An article on Canadian employers increasing salaries and offering remote work to attract talent was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canadian employers increasing salaries, offering remote work to attract talent: survey 2. Expert panel: How national dental care could impact group benefits […]
The Caisse de dépôt et placement du Québec is entering exclusive negotiations to acquire France-based Akiem, a provider of freight locomotive leasing services in Europe. The offer is subject to customary consultation with employee representative bodies within Akiem and its current owner, the SNCF Group, according to a press release, which noted the transaction is subject […]
The real estate arm of the Caisse de dépôt et placement du Québec is entering a strategic partnership with a Quebec City real estate firm to redevelop a major retail asset it’s held since 2000. Ivanhoé Cambridge and Douville, Moffet et Associés Inc. will collaborate on a project to redevelop Laurier Québec, a 10-hectare shopping […]
The Caisse de dépôt et placement du Québec is increasing its stake in an Indian power company. In an agreement reached with CLP Power India Private Ltd., the organization will increase its stake in Apraava Energy Ltd. by 10 per cent for a full 50 per cent investment in the building. Founded in 2002, the […]
The Ontario Municipal Employees’ Retirement System is acquiring an Australian developer owner and operator of telecommunications towers. Following the acquisition, the OMERS will consolidate the Stilmark Group with another telecommunications tower business it bought from TPG Telecom Ltd. in May. The assets will be managed by OMERS Infrastructure, which also manages a number of Australian assets, […]
The Public Sector Pension Investment Board is investing in a life sciences campus in the U.K. Capital Park Cambridge is a 17-hectare campus with about 2,500 square metres of workspace. It provides laboratories to 12 organizations, including the National Health Service. The facility is also located near a number of other science research facilities with […]
A fund backed by the Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System is buying a stake in Indian road projects. Brookfield Asset Management Inc. is selling five road projects valued at $1.5 billion to an infrastructure investment trust — the IndInfravit Trust — partially owned by the two Canadian pension […]