A consortium consisting of Borealis Infrastructure Management Inc, Tredje AP-Fonden ("AP3"), Forsta AP-Fonden ("AP1") and Folksam with subsidiaries (the "Consortium") has signed today an agreement to acquire 100% of the shares of Fortum Distribution AB, Fortum's electricity distribution networks in Sweden.
Funds in an AVC account earn the OMERS Fund rate of return, net of investment expenses. For 2014, this is 10%.
$72 billion, a $7 billion increase over 2013. OMERS generated a 10.0% return for the year (net of investment expenses), exceeding its long term funding requirement of 6.5% (net), and the prior year return of 6.0% (net).
Effective March 1, 2015, OMERS will eliminate the administration fee for all service buy-back purchases and the first Statement of Family Law Value issued by request in the event of the breakdown of a memberâs spousal relationship.
OMERS Private Equity ("OPE"), the private equity investment arm of OMERS, has entered into an agreement to sell Canadian healthcare IT firm Logibec Inc. to US private equity firm GI Partners. The transaction is expected to close in the first quarter of 2015, subject to satisfaction of customary closing conditions. OPE will continue to hold Logibec's current US subsidiary MatrixCare, the industry leading Electronic Health Record provider for long-term care and senior living providers, pursuant to a pre-closing spin out transaction.
Manager, Communications - Investments