Dutch giants commit €500m to ABN Amro

ABP and PGGM, the two largest pension funds in the Netherlands, are leading a €500m ($600m) investment in a new infrastructure fund run by Dutch bank ABN Amro.

The fund, which aims to reach €1bn, will target equity investments in private finance and public-private partnership projects such as schools, prisons, toll roads, airports and ports, electricity and gas transmission networks, water and sewage companies.

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