Institutional investors have bought out Ontario Teachers' Pension Plan's 40% stake and the Investment Management Corporation of Ontario's 9.99% stake in Koole Terminals.
Following these transactions, institutional investors now hold a 100% stake in Koole Terminals.
John Kraakman, CEO of Koole Terminals, says: 'A wholly-owned structure will give us a clear mandate to execute the Koole Terminals' strategy while maintaining our commitment to delivering a high level of customer service and safety performance.'
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