| Australia’s sovereign wealth fund agreed to buy Australian Infrastructure Fund (AIX) for A$2 billion ($2.1 billion), acquiring stakes in airports across the country. The A$77 billion Future Fund will pay A$3.22 for each security, Australian Infrastructure Fund said in a statement today, 22 percent higher than the stock’s closing price yesterday. The shares climbed 18 percent to A$3.12 at 10:20 a.m. in Sydney after the statement.
Australian Infrastructure Fund’s assets include stakes in Perth Airport, Melbourne Airport and Queensland Airports, according to the statement. There’s no guarantee a deal will be reached, the company said...............................................Full Article: Source |