Teachers' sells $300mn+ ANV for $219mn

Ontario Teachers' Pension Plan has cashed out its investment
in ANV for $218.7mn, landing it with a significant loss on its
four-year investment, The Insurance
Insider understands.
Sources told this publication that Teachers' total effective
investment in ANV since it bought the company in 2012 amounted to
more than $300mn.
Allowing for an estimated $10mn of unreported
profits for 2016, this suggests that Teachers' will walk away
with just $230mn of that sum intact.
ANV had effective tangible bo