DataRoom AM: China's railway play

Chinese firms look to be on the hunt for Australian rail assets, while foreign players interested in NSW and Queensland's 'poles and wires' seek local partners to bolster their bids.

Chinese firms in Australia are often drawn to mining and agriculture, but it appears rail-related assets are now in vogue as Downer EDI and UGL draw the spotlight.

Elsewhere, firms jostle ahead of the energy asset sell-off in NSW and Queensland, the IPO pipeline has investment bankers excited and Anchorage Capital is added to the list of possible United Dairy Power bidders.

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