REVEALED: Dalmore/Amber also said to be pursuing Cory Riverside Energy - sources
Loyal followers of Betaville's work might have spotted a piece written in this weekend's The Sunday Times business section about the imminent £1.5 billion sale of Cory Riverside Energy by Strategic Value Partners. Well, in case you didn't I have pasted a link below:
However, there are few extra titbits about the consortia and their advisers that didn't quite make it into yesterday's jackanory about the takeover of the 146-year old company that runs the barges on the Thames carrying rubbish.
There are three to four bidding groups. The three identified by Betaville are listed below:
1. Infrastructure investors Dalmore Capital and Amber, who are advised by bankers at NM Rothschild and Macquarie.
2. A consortium led by Equitix comprising the National Pension Service of Korea and the Queensland Investment Corporaiton. This consortium is being run by HSBC.
3. Cheung Kong Infrastructure Holdings, which is being advised by financiers at Royal Bank of Canada.
Final round bids were in due in today, so there should be a winner announced in a couple of weeks...