In June 2013, Ontario Teachers’ Pension Plan (OTPP) acquired 70 per cent of the Nextgen business, with CIMIC Group Limited retaining 30 per cent.

With $129.5 billion in assets, OTPP is the largest single-profession pension plan in Canada and one of the largest global investors in the world. OTPP pays pensions and invests plan assets on behalf of 303,000 working and retired teachers and has an international reputation for innovation and leadership in investment management and member services.

CIMIC Group Limited (ASX: CIM) is one of the world’s leading international contractors and the world’s largest contract miner. CIMIC (previously Leighton Holdings) has operations that have been in existence since 1934, was listed on the Australian Securities Exchange in 1962 and has its head office in Sydney, Australia. CIMIC provides construction, mining, engineering, concessions, and operation and maintenance services to the infrastructure, resources and property markets. It operates in more than 20 countries throughout the Asia Pacific, the Middle East, Sub-Saharan Africa and South America and, as at 31 December 2015, employed approximately 43,400 people directly and through its proportional ownership of HLG and Ventia.

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