Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Michael Norbrega, CEO of OMERS. (Tim Fraser/Tim Fraser For The Globe and Mail)
Michael Norbrega, CEO of OMERS. (Tim Fraser/Tim Fraser For The Globe and Mail)

OMERS to cut Constellation Software stake Add to ...

The OMERS pension fund manager is reducing its stake in Constellation Software Inc. through an $89.5-million transaction with another institutional investor.

OMERS says it will continue to own more than 4.3 million common shares of Constellation, or 20.4 per cent of the Toronto-based company’s equity, after selling 994,800 shares to an unidentified buyer.

More related to this story

Constellation develops, installs and customizes software for select industries.

On Thursday, the company announced the acquisition of California-based Wynne Systems Inc., which provides software to manage rentals. Wynne will become part of Constellation’s Volaris Group.

OMERS is one of Canada’s largest pension funds, serving current and retired employees of Ontario municipalities.

Follow us on Twitter: @GlobeInvestor

In the know

Most popular videos »

Highlights

More from The Globe and Mail

Most popular