Sun, Jun 13, 2021
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Future Fund to buy Australian Infrastructure for A$2 bln

Posted on 24 August 2012

David NealAustralia’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


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
June 2021
M T W T F S S
« Nov    
 123456
78910111213
14151617181920
21222324252627
282930