"TORONTO, Nov. 24 (AP) — The Ontario Teachers’ Pension Plan agreed to buy two marine container terminals in the New York area and two in British Columbia from Orient Overseas (International) for $2.4 billion.
“The Ontario Teachers’ Pension Plan, one of Canada’s largest institutional investors, said the deal with Orient Overseas, based in Hong Kong, is still subject to Canadian and United States regulatory approvals.”
See, and you guys were worried about some guys from the mid-east were going to own all your ports, now all you have to worry about are some wealthy, retired Canadian school teachers taking over your ports, good luck. By the way, $2.4 Billion is chump change to this pension fund.
tatans wrote: “See, and you guys were worried about some guys from the mid-east were going to own all your ports” If I’m not mistaken I believe that very same middle east company has purchased a terminal at the Port of Halifax, NS, Canada.