The Australian industry fund-owned IFM Investors acquired a 49% stake in FCC Aqualia, the fourth-largest water management company in Europe, for £903m. IFM Investors, Executive Director – Europe, Mr. Frederic Michel-Verdier said: “This is a rare opportunity to invest in a fast growing, international leader in water management. We admire the company’s strategy of ambitious but prudent growth outside of its domestic market and its commitment to customer service. We look forward to contributing our expertise in the water sector to further the development of its services.”