<article>Superannuation fund titan <a style="color: #000080;" href="https://www.australiansuper.com/" target="_blank">AustralianSuper</a> has reportedly committed to acquire a stake worth $150 million in chicken producer <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=inghams" target="_blank">Ingham&#8217;s Group</a> seeking ASX-listing this year.</article>

Superannuation fund titan <a style="color: #000080;" href="https://www.australiansuper.com/" target="_blank">AustralianSuper</a> has reportedly committed to acquire a stake worth $150 million in chicken producer <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=inghams" target="_blank">Ingham&#8217;s Group</a> seeking ASX-listing this year.
Financial News reported AustralianSuper is believed to be the local superannuation fund described in Inghams&#8217;s initial public offering (IPO) prospectus, wherein it committed to buy 10 per cent Ingham&#8217;s&#8217; up front.
AustralianSuper is one of Australia’s largest industry funds with more than 2.1 million members and more than $100 billion in member assets as at June 30, 2016.
Ingham&#8217;s hopes to debut on the share market next month with an equity value of up to $1.1 billion (A$1.5 billion) and is on course to be the country’s largest initial public offering this year.
AustralianSuper&#8217;s commitment will at least be $100 million across the price range, and as much as $150 million.
Other institutional investors and retail investors are estimated to be offered up to $900 million of stock at the IPO, due to the AustralianSuper stake, even as US-based private equity firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=TPG" target="_blank">TPG Capital Management LP</a> decided to keep a 25 per cent to 40 per cent stake.
Alhough Australia exports only a small percentage of chicken and turkey each year, Ingham’s gained record profits this year because of strong growth in domestic consumption.
Ingham&#8217;s said chicken consumption has grown 4.1 per cent a year between 1990 and 2015, primarily due to consumer preferences for food seen as healthier.
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AustralianSuper eyes $150m stake in Ingham's Group IPO

AustralianSuper eyes $150m stake in Ingham's Group IPO

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AustralianSuper eyes $150m stake in Ingham's Group IPO

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