More Challenges for Maple Leaf Foods
By Food in Canada staff
Business Operations Maple Leaf Foods Ontario Teachers' Pension PlanA media report has revealed that the Ontario Teachers’ Pension Plan intends to sell its shares in Maple Leaf Foods. Teachers has a 35.3-per-cent stake in the food giant worth $450 million.
The announcement caused shares of Maple Leaf to fall more than three per cent this morning to $9.13 on the Toronto Stock Exchange.
Teachers paired with the McCain family in the mid-1990s to support a takeover of Maple Leaf. Teachers is one of the world’s largest private equity investors. With $87.4 billion in net assets by the end of 2009, it is the largest single-profession pension plan in Canada.
Advertisement
Print this page
Advertisement
Stories continue below
Related