Asia-Pacific

‘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.

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.

The superfund is also boosting its private credit team’s presence overseas, adding six new people over the next 12 months.

A consortium comprised of KKR and Ontario Teachers’ Pension Plan has come back with an increased offer for Spark Infrastructure after its two previous bids were rejected by the company’s board.

The Australia-based infrastructure manager has thrown its hat in the ring with a bid for superannuation fund Rest’s 50 percent stake in gas pipeline owner SEA Gas.

The independent board found a change of management for the AMP Capital-run vehicle was not in the best interests of investors.

The firm is also increasing fund governance as part of a proposal shared with Community Infrastructure Fund investors last week, as it stands up to rival Plenary Group’s takeover bid.

Citing the short-term impact of the pandemic, the airport’s board says the offer undervalued the asset and was not in the best interests of securityholders.