My Account Menu

CAPA Login

Register to trial CAPA Membership!

Australian Infrastructure Fund bounces back after missing out on Mackay

  • Australian Infrastructure Fund's shares off their lows after missing out on Mackay Airport;
  • In the running for Cairns Airport

Australian Infrastructure Fund's (AIF) shares have bounced back from their lows last week, with some solid sessions, including another 6.5% increase on 25-Nov-08. AIF missed out on the sale of Mackay Airport, which was sold to a consortium made up of Private Capital Group, Perron Investments and Westpac Banking Corporation for approximately USD130 million.

The Queensland Government stated the Cairns Airport sale process, which is running in parallel with the Mackay Airport transaction, was also "well advanced", with AIF also in the frame for this, more valuable, asset.

Selected airports daily share price movements (% change): 25-Nov-08

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.