IFM Investors has taken the long road to get its 15 per cent interest in Atlas Arteria.
The easiest way to understand it is to break it into two parts.
IFM’s Diamond Infraco is ultimately owned in the Cayman Islands, which is standard practice in the world of leveraged buyouts and infrastructure deals, and allows a fund manager to pass tax obligations to the fund’s investors - who will have various tax statuses.Getty
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