Australian Pension fund IFM Chasing International Toll Roads

The Australian reports, “Australian pension fund IFM is believed to be in hot pursuit of international toll roads after it emerged it made a last-minute approach to the lenders of Macquarie’s M6 toll road in Britain to buy the asset after the sales process collapsed.” An IFM-Abertis consortium was one of three that recently made an unsuccessful attempt to buy the M6 from its lenders, who rejected all the offers. According to the newspaper, IFM then went back alone offering a higher price that the lenders also rejected.