Plenary Group chair steps down
Following its recent partnership with sovereign wealth fund ADQ, Plenary Group is switching out its chair.
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Following its recent partnership with sovereign wealth fund ADQ, Plenary Group is switching out its chair.
The group is a significant player in public private partnerships, and has worked on projects including Gold Coast Light Rail and the Sydney Metro.
Abu Dhabi sovereign wealth fund ADQ has acquired a 49% stake in Plenary Group as it marks its first investment in an Australian company.
Shamrock Rovers co-owner Ray Wilson’s infrastructure investment firm Plenary Group has been valued at around AU$2bn (€1.2bn) after selling a 49pc stake to a fund controlled by the oil rich government of Abu Dhabi.
ADQ, an Abu Dhabi-based investment and holding company, will