26-Jul-2011 12:17 PM

Future Fund purchases 5.05% stake in MAp Group Ltd: report

Australia's Future Fund purchased a 5.05% stake in MAp Group Ltd "in an effort to keep pace with aggressive foreign investment" (Business Spectator, 26-Jul-2011). The Future Fund's investment in MAp Group has raised speculation that the fund could be part of a takeover offer of MAp Group after it completes an asset swap with the Ontario Teachers Pension Plan, and after it increases its stake in Sydney Airport to 85% from 74%.