OTPP Aims To Boost Maple Leaf Stake
Ontario Teachers’ Pension Plan is planning to boost its stake in Maple Leaf Sports and Entertainment.
Ontario Teachers’ Pension Plan (OTPP) is planning to boost its stake in Maple Leaf Sports and Entertainment, Reuters reports. The pension fund is in talks with TD Capital Group to buy its stake for an undisclosed amount.
The retirement system, which expects to own 75-80% of Maple Leaf, previously said that it was considering selling its 66% share, adds Bloomberg. The acquisition will improve OTPP’s chances of completing a sale of the entire holding.
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