There is some innovative thinking going on in Canadian business these days, and not the least of it is coming from a rather surprising place.

The Ontario Teachers Pension Plan has been very clever in its acquisitions, and thats paid off for them. Theyve invested in several large United Kingdom companies like both the Bristol and Manchester airports, Scotia Gas Networks, InterGen and Thomas More Square Estate. All of these companies have performed very well, and the investments have been more than just sound. Now, the pension plan has stepped up their inventive ways of investments to another level. Theyve just out right purchased a company called Camelot. Camelot runs the UKs national lottery amongst other such ventures of the same nature. They paid a whopping 389 million pounds for the concern of which 200 million is manageable debt. This is a good deal for both sides of the Atlantic. Camelot has had a number of investors and this now limits it to one single investor to answer to and to deal with. That simplifies their life. For the Canadians, it is a very sound, long term investment as lotteries only gain in popularity, and for every single pound that is played on the lottery, the pension plan receives a half penny directly and in cash. Because the pension plan runs such a good operation, even the usual nationalistic concerns werent raised - much - and its almost amusing that even though Camelot had lined up a bunch of people with Sir in front of their names, they were ultimately beaten out by a bunch of Canadian teachers.

Canadians are good businesspeople have have a lot of pioneer sort of temerity which serves them well in the marketplace, and they have the foresight to know that some marketplaces can be more unusual than others.

No Comments.
Discuss this item on the forums. (0 posts)