(29 September 2023) - OMERS Infrastructure today confirmed that is has agreed to sell OMERS 50% stake in Net4Gas to CEPS, the Czech transmission system operator for the electricity network, which is 100% owned by the Czech Government. Net4Gas operates nearly 4,000 km of pipelines shipping gas to and from Germany and Slovakia and for domestic consumption. OMERS has been invested in Net4Gas since 2013. The closing of the transaction is expected by Q1 2024, subject to customary closing conditions, including regulatory approvals.
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About OMERS Infrastructure
OMERS Infrastructure manages infrastructure investments globally on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada, and third-party investors through its Strategic Partnership Program. OMERS Infrastructure manages approximately C$34 billion, including capital invested on behalf of OMERS and third parties, in approximately 30 investments located in North America, Europe and Asia-Pacific and across sectors including energy, digital services, transportation and government-regulated services. OMERS Infrastructure has employees in Toronto, New York, the U.K., Continental Europe, Asia and Australia.