The auction for Morgan Stanley Infrastructure Partners’ $1 billion New Zealand ferry business StraitNZ has steamed into its last port of call, with final bids called by its bankers at Rothschild Australia on Wednesday.
Toronto-based Northleaf Capital Partners, which this column revealed in May h ad been sniffing around the business, has lobbed a binding proposal. If successful, StraitNZ would add to the firm’s other assets in the region: Victoria’s Lal Lal Wind Farm and Vodafone’s NZ towers.
Gift articles to anyone you choose each month when you subscribe.
