Independent journal on economy and transport policy
13:27 GMT+1
IFM in bid to control port with $900m deal
(The Australian)
September 26, 2013
Brett Cole The Australian
INDUSTRY Funds Management (IFM) is seeking to take control of Port of Brisbane by buying Global Investment Partners' stake in Australia's third-largest container port by year's end in a deal worth as much as $900 million.
Melbourne-based IFM, owned by 30 Australian superannuation funds with $46 billion under management, has a constant inflow of money because of compulsory pension contributions. This makes it cash-rich and asset-hungry ...... Read more on The Australian
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