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An unsolicited offer from NZ Super Fund, which has teamed up with CDPQ Infra, has led the government to formally launch a DBFO procurement process for the $830m scheme.
The manager’s Community Infrastructure Fund has acquired the remaining 50 percent it did not already own of Riverland Water, a company in which it first invested in 1996.
The vehicle, which was originally targeting €1.5bn, has already invested in seven assets, with a further two deals to be closed soon.
The Australian asset manager will lose control of The Infrastructure Fund on 31 March with Utilities Trust of Australia termination date to follow in coming months.
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