UK charitable fund tops QR National list
A British charitable investment fund has emerged as the largest institutional investor in the Queensland Government’s float of the state’s rail freight enterprise, QR National, on the Australian Securities Exchange (ASX) today.
The indicative list of Top 20 shareholders released to the ASX not only revealed that the Children’s Investment Fund Management (UK) LLP was the top institutional investor with 6.1 per cent of the issued capital but that, by and large, Australia’s larger institutional players had avoided any extreme exposures.
The next largest institutional player was NSW’s First State Investments with 5.1 per cent.
The big Queensland infrastructure play will list on the ASX today at a retail price of $2.45 per share and an institutional price of $2.55.
AUTHOR
Mike Taylor
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