Aurizon has put a minority stake sale in its rail network on the table, creating an even more interesting dynamic with iron ore miner Fortescue Metals Group. Australian Infrastructure Fund is paying its shareholders on time, leaving AustralianSuper with less time to give the lawyers a green light. Elsewhere, PrimeAg’s wind-down efforts could have stalled for a moment, developer Peet all but has CIC Australia wrapped up and Stockland could be the next big property player in the deals news.
Aurizon, Fortescue Metals Group
Coal haulage company Aurizon has put itself in the same boat as iron ore giant Fortescue Metals Group by opening talks for a sale of a minority stake in its rail track business.