any guesses, page-6

Business Spectator 4-04
Allco Finance Group and its advisors are preparing information memoranda on its wind energy assets after receiving around 50 expressions of interest for the assets.
Wind energy, particularly in the current market, is viewed as the most readily saleable asset in the Allco portfolio, and Allco has some 4000MW of wind energy projects, including the massive Tehachapi project in California, one of the largest in the world.

Allco has retained Marathon Capital, a US investment bank specialising in the energy sector, to handle the US sales. The Australia and European assets are being handled internally. Indicative offers are expected to be called later this month.

Babcock & Brown is also seeking buyers for at least part of its wind portfolio, which is mostly based in Europe. It has hired JP Morgan and Deutsche to advise on those auctions.

Meanwhile, the Allco managed Record Investments is currently proceeding with its beauty parade of agents pitching for a role in its proposed multi-billion sale of property assets in Australia, the US and Germany.

Appointments are expected to be made in the next fortnight. The portfolio includes the ASX building in Bridge St and the Centrelink building in Canberra.