CIF: Inexus sale boost

The on-again, off-again sale of CIF's last remaining operating asset Inexus is on, again. After the sale, the fund will be wound up with all capital returned to unit holders—a good outcome.

There has been another twist in the Challenger Infrastructure Fund sale process. Barely had the ink dried on our recent review—see CIF still offers low-risk upside from 21 Jun 12 (Long Term Buy – $1.19)—and the equation has changed again, with the group announcing the sale of its stake in Inexus to shrewd US listed infrastructure company Brookfield Infrastructure Partners in a deal that we'll discuss shortly.

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