24.01.2013 - Future Fund defends airport asset takeover tactics
Despite claims from investors that the Future Fund may have breached shareholder agreements regarding its $2 billion takeover of the airport assets of Australian Infrastructure Fund Ltd, the sovereign pension fund has said it is confident in its legal position. Several co-investors are seeking legal advice and potentially an injunction against the sale of airport holdings in Perth, Melbourne and the Gold Coast to the Future Fund. They claim that the individual valuations placed on the AIF airport holdings by the Future Fund were distorted to avoid pre-emption over the most popular assets, which could represent a breach of the terms of the separate shareholder agreements government relations between the investors in the assets...............................................Full Article: Source
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