Brokers have ramped up pitching for a $160 million stake in Mount Gibson Iron Ltd, seeking to sell it via a block trade to institutions.
As revealed by Street Talk on Thursday, brokers have turned their attention to Hong Kong's APAC Resources, which owns 30 per cent of Mt Gibson Iron with Canaccord said to be in pole position to secure the trade.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au
