OMERS has acquired an additional 7% stake Hong Kong-listed ESR Cayman for around HK$3.8bn (鈧�430m).
The Canadian pension fund bought the parcel of some 213m shares from an associated entity of Warburg Pincus, the original and ongoing backer of the Asia-Pacific logistics group.
麻豆映画 Real Assets understands that the transaction was done at a 2.4% discount to Monday鈥檚 closing price of HK$18.30.
In a statement, ESR Cayman said Warburg Pincus remained 鈥渁 significant shareholder鈥� after the sale. It said Warburg Pincus had other equity interests in ESR Cayman and had retained shares, representing an approximate 9.1% holding of the company, now capitalised at HK$57.9bn.
OMERS was the cornerstone investor in ESR Cayman when it listed in October last year in its second attempt to float.
OMERS took up about 9% in the company鈥檚 US$1.45bn (鈧�1.27bn) IPO, at a total cost of US$585m.
At the time, ESR said the cornerstone placing was part of the OMERS strategy to continue investing in a growing region that offered asset classes in which it (ESR) was active.
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