The Australian Government’s Future Fund has offered Australian Infrastructure Fund Limited
(ASX:AIX) $2 billion for its assets.
The proposal is in relation to acquiring Australian Infrastructure Fund’s interests in assets including a number of airports around Australia and the world.
As the proposal is conditional and non-binding Australian Infrastructure Fund says there is no assurance a deal will result.
However the company’s chairman Paul Espie says Future Fund’s proposal was sufficiently compelling to warrant inking a memorandum of understanding to facilitate due diligence.
Australian Infrastructure Fund has today reported an 8 per cent fall in its full year net profit, coming in at $195.6 million.
