A CANADIAN pension fund has taken a significant majority stake in one of Australia’s largest carbon project developers, GreenCollar – in what the Australian Financial Review says will value the company at $800m.
Ontario Teachers’ Pension Plan started its investment in GreenCollar last year, purchasing a minority stake in the company in March. Now it has purchased American investment firm KKR’s 49pc share of the company which makes a majority stakeholder.
The financial terms of the contract have not been disclosed and the transaction is expected to close in the fourth quarter of…
