AZJ aurizon holdings limited

News: AZJ UPDATE 1-Australia's New Hope not in consortium bidding for Aurizon unit

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    Oct 19 (Reuters) - Australian coal miner New Hope (NHC) said on Wednesday it was not part of a consortium of private equity firms Oaktree Capital Management and Brookfield BAMa.TO which a report said was bidding for Aurizon's (AZJ) East Coast Rail business.

    Last year, freight operator Aurizon bought One Rail Australia, which included East Coast Rail, for A$2.35 billion ($1.49 billion) from Macquarie's (MQG) asset management arm and Dutch pension fund manager PGGM, in a push to diversify from coal and add bulk capacity.

    Oaktree and Brookfield did not immediately respond to Reuters' requests for comment on a potential bid. ($1 = 1.5820 Australian dollars)

 
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Last
$3.21
Change
0.050(1.58%)
Mkt cap ! $5.618B
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