Future Fund nixes Transurban role
Australia's SWF the Future Fund has terminated discussions to join the Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP) in their $4.5 billion planned investment in local toll road operator Transurban Group.
CPP IB and OTPP currently own some 28% of Transurban's stock, and have been pursuing a bigger stake in the business. However, Transurban rejected an initial offer in November 2009. The Future Fund, a 1%...
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