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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Australian fund walks from talks on Transurban bid

Posted on 24 March 2010

From Reuters: The Future Fund, Australia’s sovereign wealth fund has ended talks to back a $4.5 billion plan by two Canadian pension funds to buy out toll road operator Transurban, sending its shares down 6 percent.
Transurban has been courted for months by the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan, which owns about 28 percent of the group, but the sides have been in a stand-off since Transurban rejected their A$5.25 a share offer in November……………………………..Full Article: Source


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