Teachers Makes Marine Terminal Buy

Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, has agreed to acquire four marine terminals from Hong Kong-based Orient Overseas (International) Ltd. (HK: 316) for $2.35 billion, plus the assumption of around $60 million in net debt. The deal is expected to close in Q1 2007, pending OOIL shareholder and regulatory approvals. UBS advised OOIL on the transaction, which includes terminals in < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Vancouver, Delta, British Columbia, Staten Island and New Jersey. www.ooilgroup.com < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />