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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Canadian funds lose big backer in Oz bid

Posted on 25 March 2010

From Theglobeandmail.com: Australia’s Future Fund, the country’s version of a sovereign wealth fund, says it won’t back Ontario Teachers’ Pension Plan and Canada Pension Plan Investment Board in its attempt to buy control of toll road operator Transurban.

CPPIB and Teachers’ floated a bid for Transurban last year that was rejected by the toll operator. Then, word came out that the Future Fund was going to join in, lending heft and credibility to the pursuit of the target……………………………..Full Article: Source


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