Ontario First Nations Sovereign Wealth LP entered into an agreement-in-principle to acquire 2.4% stake in Hydro One Limited (TSX:H) from Province of Ontario for CAD 260 million on July 12, 2016. Under the terms of the transaction, Ontario First Nations Sovereign Wealth will pay CAD 18 per share to acquire 14,391,012 common shares of Hydro One Limited. The purchase price is financed through a 25-year term loan from the Province with a principal amount of approximately CAD 259 million. Ontario First Nations Sovereign Wealth LP completed the acquisition of 2.4% stake in Hydro One Limited (TSX:H) from Province of Ontario on January 2, 2018.