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 is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.
