The Future Fund Board of Guardians (FFBG) has acquired a 9.995 percent stake in Transgrid from OMERS, one of Canada’s largest defined benefit pension plans.
Transgrid operates and manages the high-voltage electricity transmission network in New South Wales and the Australian Capital Territory. It is the largest electricity transmission network in Australia, providing the backbone of the National Electricity Market, and is a critical enabler of the decarbonization of the Australian electricity sector through its investment in new transmission infrastructure.
Following the transaction, OMERS will retain a 9.995 percent stake in Transgrid and manage another 9.995 percent interest on behalf of FFBG. Financial terms were not disclosed.
“OMERS first invested in Transgrid in 2020, recognizing the high-quality, critical infrastructure services it provides to Australian businesses and communities,” said Christopher Curtain, senior managing director and head of Asia
