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The Canadian asset manager has been granted eight weeks' exclusive due diligence following its takeover bid for the power grid company and ahead of a A$10bn rival bid from APA Group.
A consortium also including AustralianSuper, CDPQ, CPP Investments and Tawreed has clinched the NSW Government’s 49% stake in the toll road network for A$11.1bn.
The state’s Treasury Corporation is set to internalise AMP Capital’s long-standing mandate to manage public pension fund State Super’s stakes in a South Australian ports group and a Melbourne toll road.
The company has opened its books to the consortium following a third attempt by the group to take over the airport in as many months.
The introduction of PPP legislation may enhance the country’s infrastructure investment appeal, but certain aspects of the new law have raised questions among investors, Tharshini Ashokan discovers.
The Japanese private equity firm has set its sights on Asia’s renewable energy sector with the hiring of a new head of renewables and sustainability.
India
‘From a climate change perspective, India is one of the markets one has to be in to make an impact,' CIP’s Niels Holst says as he outlines the emerging markets CIP has set its sights on.
The company’s board has agreed to a revised takeover bid from a consortium comprising KKR, Ontario Teachers’ Pension Plan and PSP Investments.
Airplane
The airport’s board says the revised bid continues to undervalue the asset despite a recent surge in covid-19 cases and extended lockdowns in major Australian cities.
The launch of the open-ended fund to Australian investors follows a strong run for the strategy in the UK and Europe.
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