London | IFM Investors, the asset management giant owned by Australia’s largest superannuation funds, is facing an increasingly hostile reception in Spain amid a boardroom brawl at gas and electricity utility Naturgy.
The fund manager has been interested in the Madrid-based company for years, attempting to increase its stake with little success given the stock is controlled by a handful of major investors including BlackRock and European private equity giant CVC Capital Partners.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
