The $4b billion-plus sale of bus operator Kinetic is re-routing once again, more than a year after owners OPTrust and Foresight Group brought in Macquarie Capital to steer an exit.
Street Talk understands Kinetic is in negotiations with a handful of suitors for 100 per cent of the business; at the same time it is entertaining suitorsfor the Australian and New Zealand units. However, neither is being run as a formal auction.
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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
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
