Australia’s IFM in $5.7b US toll road deal
Australian fund manager IFM Investors has agreed to pay $5.7 billion for a 66-year concession on a US toll road that crosses northern Indiana. It filed for bankruptcy last year due to heavy debts and low traffic volumes.
The investment is being made from the IFM Global Infrastructure Fund, which closed at $2 billion in 2013, with commitments from California State Teachers' Retirement System (CalSTRS), Florida State Board...
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