Australian Infrastructure Fund Limited (ASX:AIX) shareholders have decisively endorsed the Federal Governments Future Fund’s acquisition of its portfolio assets.
Nearly 90 per cent of shareholders voted in favour of the asset acquisition, which is valued at $2 billion.
The deal will see Future Fund take control of AIX’s stakes in airports throughout Australia as well as the Australian Pacific Airports Corporation, which owns airports in Melbourne and Launceston.
AIX plans to return cash raised from the sales to investors ahead of winding up.
Australian Infrastructure Fund reported a net profit of $196 million in the 2012 financial year.
FGX Price at posting:
$3.14 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)