Ontario Teachers Pension Plan, Toronto, formed a joint venture with Victoria Funds Management, Melbourne, Australia, to acquire a 48.3% interest in Birmingham (England) International Airport for C$918 million (US$835.9 million), confirmed Debra Hanna, Ontario Teachers spokeswoman. OTPP owns 60.1% of the venture, Airport Group Investments Ltd., and Victoria Funds owns 39.9%. Ontario Teachers has C$106.1 billion in assets; VFM, which manages investments for Victoria state government entities, has more than A$40 billion (US$32.9 billion) in assets.
Ontario Teachers in JV for English airport
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