IFM Investors and Trafigura complete creation of joint venture for certain assets of Impala Terminals
Geneva, 13th December 2018 – Global fund manager IFM Investors and Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies, have today completed the creation of a 50:50 joint venture by an issue of new shares to IFM. This joint venture owns and operates Impala Terminals’ network of concentrates terminal infrastructure in Mexico, Peru and Spain, and also includes fluvial operations in Paraguay and operations which provide global freight forwarding and multimodal transportation services for Trafigura and third party clients.
IFM Investors has been in operation for over 20 years and has significant experience in investing in infrastructure assets globally. The joint venture will bring together the trading and operations expertise of Trafigura and Impala Terminals with the investment experience of IFM Investors, allowing the joint venture to further develop current projects through handling increased volumes from Trafigura and from third parties and to explore future opportunities.
For further information, please contact:
Trafigura’s Global Press Office: +41 22 592 45 28 or firstname.lastname@example.org
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Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 49.3 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. The Company is owned by around 700 of its 4,300 employees who work in 66 offices in 38 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD180.7 billion in 2018. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: www.trafigura.com
About IFM Investors
IFM Investors is a global institutional funds manager with US$80 billion under its management as of September 30, 2018. Established more than 20 years ago and owned by 27 Australian pension funds, IFM Investors’ interests are deeply aligned with those of its investors. Investment teams in Australia, Europe, North America and Asia manage institutional strategies across debt investments, infrastructure, listed equities and private equity. IFM Investors has offices in eight cities: Melbourne, Sydney, London, New York, Berlin, Tokyo, Hong Kong and Seoul. For more information visit: www.ifminvestors.com