There’s at least one external bidder squaring off against Sun Cable’s billionaire backers, as MA Moelis and FTI Consulting collect first round of bids.
FTI did not say who the new bidder/bidders were but said its shortlist from the non-bonding indicative offers included “parties that are not existing Sun Cable shareholders”.
“Sun Cable’s primary and most developed project is the world’s largest solar energy infrastructure network, the Australia-Asia PowerLink . The sale process has advertised Sun Cable as a complete development, including AAPowerlink, and the sale continues to be progressed on that basis,” FTI said in a statement.Friction between Mike Cannon-Brookes and Andrew Forrest led Sun Cable into administration. Now it’s up for sale.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cannon-Brookes, Forrest face rival bidders for $35b Sun Cable“Multiple” parties have submitted initial bids for the proposed $35 billion Sun Cable mega-project that was forced into administration in January.
Read more »
People are ‘going to get sacked’ due to electricity price hikesMore workers “are going to get sacked” due to electricity price hikes, says Saturday Herald Sun Columnist Steve Price. “I’m just getting sick and tired of Chris Bowen wandering around going on about green energy as if it’s the solution to all our problems and just turning his head,' he told Sky News host Sharri Markson. “Ignoring the fact that people are going to get sacked because of these power increases. “It’s just unsustainable for people.”
Read more »
Players boycott multicultural celebrations as NRL rules out Pride Round in 2023Schoolchildren hoping to see their NRL heroes were the latest victims in the game’s ongoing pay dispute as players stayed away from the launch of the league’s Multicultural Round.
Read more »
NRL Fantasy teams analysis: Round 3There are a couple of big inclusions on the Fantasy front for Round 3, while a handful of rookies present the opportunity to pick up a cash cow or two!
Read more »
NRL rules out Pride Round for 2023 seasonThe NRL will not introduce a Pride Round this season after opting to stick with the same themed rounds as the 2022 calendar.
Read more »
Meta to axe 10,000 jobs in second round of layoffsMeta, the parent company of Facebook, Instagram and WhatsApp, has announced it will cut 10,000 jobs. It marks the second round of mass redundancies for the tech giant after laying off 11,000 employees in November.
Read more »