Australia's IFM seeks authorisation to buy $6b stake in Spain's Naturgy

Australia's IFM seeks authorisation to buy $6b stake in Spain's Naturgy

Sydney, Australia. Photo: Unsplash

IFM Global Infrastructure Fund, an investment fund run by Australian pension funds, on Friday requested authorisation from Spain’s market regulator for its 5.06 billion euro ($6.07 billion) offer for a 22.7% stake in Naturgy.