Media Release – CP2 welcomes outcome of ConnectEast securityholders’ vote
CP2 Limited (CP2) and its acquisition vehicle Horizon Roads Pty Limited (Horizon Roads) welcome the successful outcome of the vote of security holders of ConnectEast Group, which today approved its proposal to acquire 100% of ConnectEast.
CP2 managing director, Mr Syd Bone, said, “CP2 is pleased with the result of the vote which was well supported by security holders. We believe this is a good outcome for ConnectEast employees and stakeholders. For users of EastLink, it will continue to be business as usual”.
CP2 notes that ConnectEast will now seek judicial advice from the Supreme Court of Victoria on 4 October 2011 to proceed with implementation of the scheme.
CP2 is a specialist infrastructure investment manager. It has in excess of A$2 billion under management and 14 years’ experience in the sector. CP2 is Australian-owned and headquartered in Sydney with offices in London and New York.
About Horizon Roads:
Horizon Roads is the acquisition vehicle established by CP2 in connection with the proposal. It is being by funded by a global investor group comprising: Universities Superannuation Scheme in the UK, pension asset manager APG of the Netherlands, National Pension Service of Korea, Leader Investment Corporation (a subsidiary of China Investment Corporation), ATP of Denmark, New Zealand Superannuation Fund, Teachers Insurance and Annuity Association of America and Korean Teachers Credit Union/Mirae Asset Maps.
For further information:
– Hinton & Associates (Media): Tim Duncan/Nerida Mossop +61 3 9600 1979
– Flagstaff Partners (Investors): Anthony Burgess/Kent Greig +61 3 9664 4555
– CP2 Limited: Syd Bone/Tim Heaton +61 2 8274 5912