Canada Pension Plan Investment Board, Toronto; Caisse de Depot et Placement du Quebec, Montreal; and the Public Sector Pension Investment Board, Ottawa; together with private equity firm Kohlberg Kravis Roberts, may take Canadian telecom giant BCE Inc. private, confirmed Lucie Freniere, a spokeswoman with Caisse de Depot.
The consortium of pension plans notably excludes the C$106 billion ($93.8 billion) Ontario Teachers Pension Plan, currently the largest shareholder of BCE. An April 9 regulatory filing by the Ontario Teachers plan confirmed that it was exploring its options while denying reports that it was in discussion with KKR for a private takeover. Jim Leech, senior vice president of Ontario Teachers private equity arm, Teachers Private Capital, said in a news release that the pension plan will continue to review our options, including leading an alternative Canadian consortium.
The CPPIB has C$110.8 billion in assets; Caisse de Depot, C$143.5 billion; and the Public Sector Pension Investment Board, C$35 billion.