Washington | IFM Investors, Australia's globe-scouring superfund, will almost double its US infrastructure play with a $US6.5 billion ($9.3 billion) purchase of Houston-based pipeline operator Buckeye Partners.
IFM's all-cash deal, announced at the weekend, takes the Melbourne-based fund's total infrastructure exposure in the US to $US12 billion, and to $US45 billion globally.
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Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
