IFM Global Infrastructure Fund (IFM GIF) announced that it had dropped the plan to purchase an entire interest in Atlas Arteria after initially acquiring a significant stake in the business and exploring a complete acquisition. As on 8 June 2022, the IFM Global Infrastructure Fund and its associates announced that they had purchased a combined relevant stake and economic interest in approx. 15% of the issued shares of Atlas Arteria.
After the announcement, IFM GIF’s representatives requested the company to provide certain company information, before deciding whether to submit an indicative proposal to purchase all the Atlas Arteria shares that it does not already own. IFM GIF’s representatives met with senior management from ALX on Friday, 17 June 2022, and Wednesday, 6 July 2022. A further meeting was held between the parties on Wednesday, 20 July 2022.
Following various meetings with Atlas Arteria, “IFM Investors confirms that IFM GIF is not presently in a position to meaningfully progress a proposal with ALX and has determined to close discussions with ALX.”
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 20, 2024
Nov 20, 2024
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
