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QIC-led consortium withdraws from Endeavour Energy auction

Mar 03, 2017 - Australian Financial Review

The field of bidders has narrowed for the NSW government's third and final poles & wires auction.

A consortium led by QIC Ltd has withdrawn from electricity networks company Endeavour Energy's sale process, as first reported by Street Talk on Thursday.

QIC had been working with Canada's Borealis Infrastructure and AMP Capital, while Credit Suisse, HSBC and Morgan Stanley were advising the consortium. It is understood the group was uncomfortable with some of the underlying assets and ...