Investment Committee – January 30, 2018 & April 16, 2018
A special meeting of the Investment Committee was held on January 30 to consider two pending investment transactions. Due to legal and contractual reasons, the Committee’s decision on the first transaction is required to be kept confidential.
The Committee deferred a decision on the second transaction and decided to adjourn the meeting, with the intention to reconvene once the transaction was at a more advanced stage.
The meeting was reconvened on April 16 to make a decision on the second transaction – the sale of Airports Worldwide.
Sale of Airports Worldwide
OMERS Infrastructure sought the approval of the Investment Committee to proceed with the disposition of Airports Worldwide (“AWW”). AWW is a portfolio of airport assets and management contracts located in the United States, Costa Rica, Northern Ireland and Sweden.
Following a question and discussion period, the Investment Committee approved the sale.
In a press release issued April 24, 2018, OMERS and OMERS Private Markets announced that OMERS Infrastructure agreed to sell Airports Worldwide to Vinci Airports. The transaction is expected to close later this year.