OTPP Jukes then Sells
December 12, 2011- Share:
Two weeks after saying it wasn't selling, the Ontario Teachers' Pension Plan has agreed to sell its 79.53% stake in Maple Leaf Sports and Entertainment to Bell, Rogers Communications and KSI Investments for CAD1.32 billion. Teachers' Private Capital, the private investment arm of OTPP, first invested in MLSE in 1994. The sports enterprise owns the Toronto Maple Leafs, the Toronto Raptors and the Air Canada Centre, among other franchises and properties.
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