ADQ to acquire a 49% stake in Plenary Group for AUD1bn.

ADQ, a sovereign wealth fund, agreed to acquire a 49% stake in Plenary Group, an investor, developer and manager of public urban and community infrastructure, for AUD1bn. “This collaboration, marking our inaugural venture in Australia, underscores ADQ’s commitment to developing partnerships that complement our investment strategy, which aims to create long-term value and generate sustainable financial returns. We are confident that our partnership in Plenary will unlock significant opportunities to contribute to the development of state-of-the-art infrastructure assets, boosting economic growth and social welfare in the target geographies," Hamad Al Hammadi, ADQ Deputy Group Chief Executive Officer.