Canada’s Ontario Teachers’ Pension Plan has assumed sole ownership of Bristol Airport in the UK, following an agreement to purchase the 50% stake of co-shareholder Macquarie European Infrastructure Fund (MEIF). Macquarie-managed funds have owned Bristol Airport since 2001, with Ontario Teachers’ taking a stake in 2002; in 2009, the stake was increased to 50%. Passenger numbers have grown an average of 7% a year since the two investment firms became involved, and exceeded ...

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