UK pensions lifeboat to invest £150m in M6 toll road deal
Sky News has learnt that the Pension Protection Fund (PPF) is putting the funds into the company which operates the M6 toll road, just days after it was sold to IFM Investors, its second group of Australian owners.
The PPF is understood to be investing in the debt attached to the M6’s operating company, alongside the infrastructure arm of Allianz Global Investors, the German asset manager.
Sources said the deal would be announced later this week, possibly as early as Tuesday.
It is the latest infrastructure asset to attract the attention of the PPF, which seeks to deploy capital into long-term assets which have the potential to generate returns which match its liabilities.
Full Content: Sky News
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