Re: Finemores to merge with Toll

["Andrew Honan" <ahonan@zipworld.com.au>]

Patrick's???

AH
"Maurie Daly" <mauried@tpg.com.au> wrote in message
3a99f970.28853314@can-news.tpg.com.au">news:3a99f970.28853314@can-news.tpg.com.au...
> On Mon, 26 Feb 2001 16:51:10 +1100, "Adam Dunning"
> <adamdunning@start.com.au> wrote:
>
> >which is interesting.  I heard a rumor recently that Toll's won't be able
to
> >buy NR on their own.  They are looking for someone with rail expertise to
> >buy it with them.  FA is off their list because of the way they (FA)
dropped
> >the Toll train for SCT.
> >
> >Adam
> >
> This seems to be correct.
> Tolls need a partner with Rail experiance.
> Its getting harder to see who exactly will be left to bid for NRC if
> its expected to fetch $500 M.
> Its hard to see where FA will get $500 M from given they were
> originally struggling to raise the $164 M for vline freight.
>
> ASR / G & S is now unlikley to bid as Fels and the ACCC will rule that
> given their successful bid for Westrail, owning NRC as well would make
> them too dominant.
> Wisconsin Central is selling most of its overseas rail holdings and so
> is unlikley to bid .
> ATN access could bid , but would need a financial  backer with deep
> pockets ,and it has in the past relied on WC for finance.
>
> So whos left ??
> Beats me.
>
> MD
>