Posted on 428
IFM Investors and Ontario Teachers’ Pension Plan Board (“Ontario Teachers”) are pleased to announce that they have entered into a definitive agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) to jointly acquire a 100% interest in the Canadian district energy operations owned by Enwave Energy Corporation (“Enwave”) for C$2.8 billion on an enterprise value basis. IFM Investors and Ontario Teachers’ will retain the Enwave brand as part of this transaction and each will own 50% of the company.
Enwave is a fully integrated district energy business that provides innovative, sustainable district cooling and heating solutions to over 320 customers across a range of sectors in Canada. Spanning Toronto, London, Windsor and Charlottetown, Enwave’s distribution network is well diversified across services and customers.
Brookfield Infrastructure Sells North American District Energy Business for $4.1 Billion
Posted on 02/03/2021
Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) signed definitive agreements to sell 100% of its North American district energy business, Enwave Energy Corporation. The business will be divested through two separate transactions for total consideration of US$ 4.1 billion on an enterprise value basis.
DEAL 1
Ontario Teachers’ Pension Plan Board and IFM Investors have agreed to acquire 100% of Enwave’s Canadian business. The transaction value for the Canadian business is C$ 2.8 billion. IFM Investors and Ontario Teachers’ will retain the Enwave brand as part of this transaction and each will own 50% of the company.
Press release content from Business Wire. The AP news staff was not involved in its creation.
IFM Investors and Ontario Teachers’ Pension Plan Board jointly acquire Canadian district energy operations owned by Enwave Energy Corporation
February 2, 2021 GMT
TORONTO (BUSINESS WIRE) Feb 2, 2021
IFM Investors and Ontario Teachers’ Pension Plan Board (“Ontario Teachers”) are pleased to announce that they have entered into a definitive agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) to jointly acquire a 100% interest in the Canadian district energy operations owned by Enwave Energy Corporation (“Enwave”) for C$2.8 billion on an enterprise value basis. IFM Investors and Ontario Teachers’ will retain the Enwave brand as part of this transaction and each will own 50% of the company.
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IFM Investors and Ontario Teachers’ Pension Plan Board jointly acquire Canadian district energy operations owned by Enwave Energy
IFM Investors
TORONTO, CANADA (February 3 2021): IFM Investors and Ontario Teachers’ Pension Plan Board (“Ontario Teachers”) are pleased to announce that they have entered into a definitive agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) to jointly acquire a 100% interest in the Canadian district energy operations owned by Enwave Energy Corporation (“Enwave”) for C$2.8 billion on an enterprise value basis. IFM Investors and Ontario Teachers’ will retain the Enwave brand as part of this transaction and each will own 50% of the company.