Australia's New Hope not in consortium bidding for Aurizon unit (updated)

Aurizon Holdings

19/10/2022 24:29

(Adds details, background)
       Oct 19 (Reuters) - Australian coal miner New Hope
 NHC.AX  said on Wednesday it was not part of a consortium of
private equity firms Oaktree Capital Management  OAKCP.UL  and
Brookfield  BAMa.TO  which a report said was bidding for
Aurizon's  AZJ.AX  East Coast Rail business.    
    Last year, freight operator Aurizon bought One Rail
Australia, which included East Coast Rail, for A$2.35 billion
($1.49 billion) from Macquarie's  MQG.AX  asset management arm
and Dutch pension fund manager PGGM, in a push to diversify from
coal and add bulk capacity.  urn:newsml:reuters.com:*:nL4N2RH4LB
    Oaktree and Brookfield did not immediately respond to
Reuters' requests for comment on a potential bid.
($1 = 1.5820 Australian dollars)
 (Reporting by Shashwat Awasthi, additional reporting by Upasana
Singh; Editing by Vinay Dwivedi)
 ((Shashwat.Awasthi@tr.com))