heresa Tedesco, Financial Post, with files from Carrie Tait Published: Thursday, April 19, 2007
The Ontario Municipal Employees Retirement System and Alberta Investment Management are said to be among a group of large Canadian pension funds in talks with BCE Inc.'s largest shareholder in a potential bid to privatize the telecommunications giant.
Sources say the two large provincial pension managers have been in discussions with the Ontario Teachers' Pension Plan Board, which is in the process of assembling a consortium to consider making a bid for BCE, the parent company of Canada's largest telephone company.
Teachers, which owns 5.3% of BCE's stock, has already signed up U.S.-based Providence Equity Partners Inc. and arranged $25- billion in financing. The fund, which manages $106-billion in assets, has been attempting to sign up other Canadian institutions. E More details available, but won't fit into message box