Street Talk understands Brookfield‘s private equity dealmakers have tapped out the auction for Loscam’s Asia Pacific business two months after the New York-headquartered group made a last-ditch effort.
This column reported the auction was on its last legs when Brookfield’s dealmakers sidled in with an offer for a minority stake in November. It is unclear who – if anyone – is still active in the auction after the Canadian’s departure.
Telstra is considering selling its data centre assets, pondering a deal that could be its first infrastructure transaction since it sold a $2.8 billion mobile tower stake to superannuation investors four years ago.
Best and worst
The Australian sharemarket closed at a record high, buoyed by an afternoon rally in index heavyweight Commonwealth Bank after the lender reported earnings that topped expectations.
