Here’s another one for the bulging infrastructure deal pipeline: Aussie infrastructure funds are understood to have started tolook at Beijing Capital’s waste management business in New Zealand, which is expected to be auctioned for more than $2 billion.
The funds said Beijing Capital had tapped Citi to run the process, prompting a few to start desktop due diligence.
Macquarie’s MIRA is expected to take a look. It was an underbidder in 2014 when Beijing Capital stormed the auction, and recently picked up Australia’s Bingo Industries.
China’s Beijing Capital Group has started testing Australian investors’ and waste players’ appetite for its hefty New Zealand waste management business, ahead of an auction expected to be run by investment bank Citi.
Despite four overseas parties understood to have made offers, Bondi Sands founders Blair James and Shaun Wilson have decided against selling the company.
It’s investment committees and funding letters in the race for Singtel’s Australian mobile towers auction, with Bank of America calling for binding bids on Monday.
