DataRoom AM: Sought-after port

A crowded field of consortia compete for the Port of Melbourne lease, while Coca-Cola Amatil is reportedly in talks to sell off its Mount Franklin water brand to its American parent.

The $5 billion-plus auction of a lease tied to the nation’s busiest port is gathering momentum ahead of November’s state election, with four consortia set to fight it out early next year.

Elsewhere, Coca-Cola Amatil mulls the sale of one of the nation’s biggest beverage brands, there’s mixed news in the heated IPO market and a divestment of National Australia Bank’s insurance unit appears a sure bet.

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