/PRNewswire/ Area Wide Protective ("AWP"), North America s leading traffic control specialist, announced the appointment of Rob Sehnert to president and CEO.
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The Ontario Teachers’ Pension Plan is acquiring a 40 per cent stake in Caruna, Finland’s largest electricity supplier.
The pension will acquire a 20 per cent stake in the utility from First Sentier Investors and in a separate transaction, the Ontario Teachers’ and investment firm KKR & Co. Inc. will jointly acquire a 40 per cent holding from the Ontario Municipal Employees Retirement System. Upon closing, the Ontario Teachers’ and KKR will each own 40 per cent of Caruna, according to a press release.
“The electrification of society and the increase of renewable energy production – key elements of Finland’s decarbonization plans – require a strong and smart electricity network,” said Dale Burgess, senior managing director of infrastructure and natural resources at the Ontario Teachers’, in the release. “We’re convinced that Caruna is well-placed to build a smart and weatherproof electricity network for its customers that will meet growing consumpti