Morrison leads VicRoads race; TAB’s b ig battle; Igneo’s pallet U-turn

Good evening,

VicRoads’ slow-moving auction for its motor registry unit has finally pulled into its penultimate stop.

Street Talk understands Morrison & Co was offered “black box” due diligence this week, which would put it ahead of its two competitors, Macquarie’s Voltaire and Plenary Group.

The motor registry unit would be a nice little addition to Morrison’s portfolio – it already owns a slice of the NSW land titles office operator, Australian Registry Investments.

Still, it sounds like there are a few more weeks to go before Morrison can wave its flag atop VicRoads’ $4 billion-odd unit.

Elsewhere, Victoria TAB’s licence is up for grabs and Igneo is out of the Loscam ANZ sale just as the tyre-kickers tinker around with a Loscam-Pact Group combination in the latter’s data room.

Lastly, Macquarie’s bankers have got a new wind farm auction out of Victoria with controlling stakes up for sale.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk Editors