The Australian, 26 Feb 2009, Adele Ferguson
"Asciano last year said it hoped to raise more than $1 billion through the sale of half of its its coal haulage business to reduce debt. However, in December it said other assets would also be sold.
The concern is that the longer it takes to do a deal in a deteriorating market, the less the assets will be worth and the bigger the stake the company will have to sell.
Potential buyers are believed to include the Morgan Stanley infrastructure fund, private equity group KKR, the Future Fund, a local pension fund and Singapore Government's Temasek, which has a big appetite for infrastructure assets.
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