KKR’s John Laing is understood to be keen and has got Jefferies in its corner. Plus, there’s a new tag-team in Northleaf Capital and InfraRed joining the mix. There’s also a few others watching from the sidelines.
It’s sure to be an action-packed $1 billion-odd auction.
But what makes it more interesting is that it kind of coincides with its rival, Spark’s towers auction across the ditch.
Spark’s the bigger of the two, and it’s expected to have a much smaller stake up for sale than Vodafone NZ Towers’ 80 per cent.
At the end of the day, they are similar assets, and it would be interesting to see if investors stack their chips high at the earlier auction or if they try to save them for the latter one.
A handful of heavy-weight suitors are swarming around Vodafone NZ Towers auction as sell-side advisers UBS and Barrenjoey call for indicative bids by May 12.
Clearing and settlement platform Openmarkets is understood to be reaching out far and wide in search for a new investor, as its talks with listed retail trading platform SelfWealth fizzle out.
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