Macquarie shortlists three bidders for road assets sale
MUMBAI: Global infrastructure investor Macquarie Asset Management (MAM) has shortlisted three bidders – France’s VINCI Highways, Edelweiss-backed Sekura Roads and KKR-backed Vertis Infrastructure Trust – for the proposed sale of its toll-operate-transfer (ToT) 1 road assets in India, said people with knowledge of the development.
Other contenders that submitted non-binding offers include CPP Investments-owned Interise Trust, IRB Infrastructure and Cube Highways. JP Morgan is advising Macquarie on the transaction.
