--Canadian pension fund Ontario Municipal Employees' Retirement System aims to acquire up to a 30% stake in U.K. broadband infrastructure company CityFibre Holdings Ltd., Sky News reports, unidentified citing sources.

-- Existing shareholders West Street Infrastructure Partners --managed by Goldman Sachs-- and Antin Infrastructure Fund would continue to hold a 35% stake each in CityFibre, according to Sky.

--CityFibre is set to be valued at more than GBP3 billion, with OMERS and rival bidders likely to pay around GBP1 billion for a partial stake, Sky reports.


Full story: https://bit.ly/3b8Fj0b


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(END) Dow Jones Newswires

May 06, 2021 09:00 ET (13:00 GMT)

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