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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Future Fund may join Canada funds’ Transurban bid

Posted on 11 December 2009

From Bloomberg: Australia’s sovereign wealth fund said it may join two Canadian pension funds in a A$6.8 billion ($6.2 billion) bid for toll-road owner Transurban Group after an initial offer was rejected five weeks ago.

The A$64.3 billion Future Fund is in talks with Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan, the Australian fund said today in a statement. Australia’s biggest toll-road company rejected an A$5.25 offer on Nov. 5, which was 20 percent higher than the previous closing price………………………………Full Article: Source

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