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IFM extends exposure
IndustryFunds Management (IFM) has expanded its international infrastructure exposure by acquiring a 15.8 per cent holding in the largest refined petrol products pipeline in the United States — the .
IFM said it acquired the holding for $US641 million from , an indirect wholly-owned subsidiary of .
IFM general manager said the investment fitted perfectly with the organisation’s infrastructure investment strategy.
“This is the second major investment for IFM in the US and reinforces our commitment to this important market for investors,” he said.
AUTHOR
Mike Taylor
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