Australia's Endeavour Energy attracts at least three indicative offers: Reuters

Australian state-owned power grid Endeavour Energy has attracted indicative offers from at least three bidding groups comprised of local and foreign investors, sources told Reuters. A majority stake in the utility is expected to fetch at least A$4 billion (US$3.07 billion). The bidders are said by sources to be Macquarie Group, which has teamed up with Canada's British Columbia Investment Management Corp, a consortium led by Queensland Investment Corp that includes Canada's Borealis Infrastructure, and a consortium led by Hastings Funds Management that includes Canada's Caisse de dépôt et placement du Québec.

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