NSW electricity distributor Endeavour Energy’s existing investor, Macquarie Asset Management, has emerged as the buyer of superannuation fund Rest’s 12.6 per cent stake, after a five-month-long process run by Barrenjoey.
It’s been a week since Barrenjoey collected first round bids for REST Super’s 10 per cent stake in NSW electricity distributor Endeavour Energy, and the auction looks like it’s ready to drift away into the pre-emption territory.
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