02.02.2015 - Bidders line up for $5bn port contest
Global Infrastructure Partners has teamed up with Queensland Investment Corporation and ­Borealis in the contest to buy the Port of Melbourne, which could sell for as much as $5 billion. The consortium, advised by Credit Suisse and Gresham, will compete with other parties for Australia’s busiest container and cargo port, being sold by advisers Morgan Stanley and Flagstaff. Other bidders known to be ­preparing to compete in the sales process are IFM, advised by JPMorgan, and Hastings Funds Management together with Wren House, which are advised by Royal Bank of Canada and UBS. Wren House is the infrastructure arm of sovereign wealth fund Kuwait ­Investment Authority...............................................Full Article: Source
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