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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Australia Infrastructure Fund holders OK sales

Posted on 16 January 2013

Australian Infrastructure Fund Ltd. 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 Australian dollars (US$2.1 billion).
Australia’s Future Fund, set up by the government six years ago to pay for civil servant pensions, has been gradually increasing its exposure to infrastructure. The A$80 billion fund offered A$3.22 per security for the assets, a 22% premium to the company’s share price as of Aug. 23, when the proposal was announced………………………………………..Full Article: Source


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