Business
NSW splits $10b WestConnex stake to encourage bidders – The Australian Financial Review
NSW will have its bankers run separate auctions for two 24.5 per cent stakes in motorways owner WestConnex, in an effort to encourage bidders to take on Transurban…
To entice IFM Investors, Macquarie’s MIRA, one of the big offshore tollroad groups like Abertis or anyone else to take on Transurban, the government is offering financial support to the tranche one auction’s runner up.
It says it will pay a “capital commitment fee” to compensate the underbidder for taking part in the auction and lobbing a binding bid.
Fund managers said that structure came out of soundings NSW Treasury and its bankers had with the likes of IFM, MIRA, Abertis, and others in recent…
-
Noosa News19 hours agoLogan City Council to pull out of federal government Climate Active program due to financial pressure, transparency concerns
-
General16 hours agoFour charged over alleged six-hour gang rape of girl in south-west Sydney
-
General24 hours agoRussian strikes kill at least ten in ‘horrific attack’ on Ukraine’s capital of Kyiv
-
Noosa News13 hours agoPolice officer found not guilty of using restricted database to track former partner