As discussed in this column yesterday, talks are believed to be underway with Government Investment Corporation of Singapore and Canada’s PSP over a possible 50 per cent stake in nine Westfield-branded NZ malls and if a deal cannot be reached, a $1bn float of the assets may instead be pursued.
The float, to move forward later this month, is likely to raise $400 million-plus, the AFR reports, with Morgans and Evans & Partners serving alongside Macquarie in lead advisory roles.
After securing the green light from the Foreign Investment Review Board last week, Thailand’s BCP Energy is ready to badge its $110m takeover of Nido Petroleum unconditional once it clears the 50 per cent acceptance mark.
Meanwhile, the AFR reports Kohlberg Kravis Roberts has opted not to offer former Coca-Cola Amatil boss Terry Davis a job should it win control of Treasury Wine Estates, ending its relationship with him after calling on his advice for the potential $3. 4bn takeover.
Read more here: Business Spectator