OTPP in running for Leighton asset – report
Ontario Teachers' Pension Plan (OTPP), Canada’s third-largest pension fund, is reportedly among the final bidders for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings. The deal could be worth as much as A$870 million ($908.15 million).
Leighton has appointed Macquarie to sell non-core assets Nextgen, data center designer-operator Metronode and cloud services provider Infoplex in September in order to pay down debt. The company has $295...
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