Aug 22 (Reuters) - Three Canadian pension funds agreed to sell their stakes in Canada's biggest stock exchange operator TMX Group Ltd X.TO for a combined value of about C$312 million.
The three funds, Alberta Investment Management Corporation, Caisse de Depot et Placement du Quebec and Ontario Teachers' Pension Plan Board would each sell 1.8 million shares at C$57.70.
The sale represents about 9.9 percent of TMX's outstanding shares as of Aug. 2, according to a statement by Alberta Investment Management Corp. three funds will continue to own about 5 percent of the issued and outstanding shares of TMX after the offering, the statement added.
The funds will also continue to have a nominee on TMX's board.