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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Financials, Investment, Market

AIF investors OK $2bln sale of assets to Future Fund

Posted on 15 January 2013

Australian Infrastructure Fund shareholders approved a deal to sell the company’s assets, including interests in airports across the country and in Europe, to Australia’s sovereign wealth fund for $2 billion.
Preliminary, or proxy votes, cast ahead of a meeting in Melbourne today showed 88 per cent of shareholders were in favour of the deal, while 10 per cent were against. “The proxies cast ahead of the meeting do appear to have carried the matter,” company chairman Paul Espie said at the meeting………………………………………..Full Article: Source


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