Macquarie tipped to win $4bn Endeavour Energy race
Macquarie Group and its backers were being tipped on Wednesday night as the consortium in line to win the contest to buy a $4 billion stake in Endeavour Energy, according to sources.
The 50.4 per cent stake in the electricity distribution business that is owned by the New South Wales government is expected to sell for about $4bn.
Some sources were tipping that the winning consortium would be announced on Thursday.
Macquarie Group’s backers include AMP Capital, the Qatar Investment Authority, APG out of the Netherlands and Canada’s British Columbia Investment Corporation.
The consortium has been going head to head with a rival consortium that includes Hastings Funds Management, Spark Infrastructure and groups including Caisse de depot et placement du Quebec, Abu Dhabi’s Tawreed Investments and the Kuwait Investment Authority’s Wren House.
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