27-Aug-2012 10:25 AM

Future Fund to acquire all Australian Infrastructure's assets

Australia's Future Fund and Australian Infrastructure Fund (AIX) signed (24-Aug-2012) an MoU on 24-Aug-2012 under which Future Fund will acquire all AIX’s assets for AUD2 billion (USD2.08 billion). AIX values its assets at AUD1.8 billion (USD1.87 billion) and Future Fund already owns a 16.8% stake in Australia Pacific Airports Corporation. AIX holds the following stakes in airport companies: