Only five months after facing accusations of buying it an inflated price, the Future Fund may be forced to write down the value of its stake in Perth Airport by $150 million, The Australian Financial Review reports.
According to the newspaper, independent valuations of the fund's 30 per cent holding in the airport have priced the stake at $725 million. Earlier this year, the Future Fund purchased the stake for $875 million.
A spokesperson for the Future Fund said the group had not yet completed its revaluation process.
The AFR reports a downwardly revised valuation may bolster a brewing legal case by AustralianSuper. The superannuation fund alleges the Future Fund "gamed" the price of the stake in a bid to make sure the holding was secured.
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Fund may be forced to write down value of holding in airport by $150m.
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