It’s time for bidders circling the $3 billion North Queensland Airports to get cracking. Street Talk understands sell-side adviser Macquarie Capital lobbed a process letter on Monday at interested parties, letting them know non-binding indicative offers were due to be submitted just before Easter.
Offshore private capital firms can lob a 100 per cent bid without having to draft in an Australian bid partner. AFR
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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
