I dont think ORR bring anything to the table for a JV.
PRU have the firepower and will win but SVM will make them pay full value so that they make a good quid for their holders.
The challenge for Fengy at SVM is making the revised offer at a price still in the sweet spot (not too high) so that PRU can counter. If its too high then PRU will just say keep it then and we make a quick dollar.
Game of chicken from here.
Three parties with effectively a blocking stake so they need to work out a deal and do it fast. Dont forget, we have started work onsite so we need to keep moving and not annoy the locals.
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I dont think ORR bring anything to the table for a JV.PRU have...
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