OMERS Infra acquires 49% stake in Australian solar power firm

OMERS Infrastructure, the infrastructure investment advisory and management arm of Canadian pension fund OMERS, has acquired a 49% interest in FRV Australia Group from Fotowatio Renewable Ventures (FRV), according to an announcement.

The transaction value remains undisclosed but IPE Real Assets reported that OMERS Infrastructure paid upwards of A$700m ($519 million) for FRV Australia.

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