Ohio State University increased its endowment by $1 billion after leasing its energy assets to France's Engie SA (ENGIY) and Montreal's Axium Infrastructure for 50 years.
Ohio State, which has the country's second highest number of enrolled students, will receive annual payments of at least $54 million from the two company's which will manage and run the university's energy and electricity systems.
(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)