OTPP expands in sports company

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CANADA - The Ontario Teachers' Pension Plan has acquired CTVglobemedia's remaining 7.7% stake in Maple Leaf Sports and Entertainment (MLSE), owner of several sports franchises including hockey league Toronto Maple Leafs.

The move will boost OTPP ownership in MLSE to 66%. OTPP Private Capital - the pension fund's private investment department - senior vice president Erol Uzumeri said: "MLSE has proven itself an e...

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