AZJ News: UPDATE 1-Australia's New Hope not in consortium bidding for Aurizon unit - 19th Oct 2022, 10:29am

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Oct 19 (Reuters) - Australian coal miner New Hope said on Wednesday it was not part of a consortium of private equity firms Oaktree Capital Management and Brookfield which a report said was bidding for Aurizon's 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 asset management arm and Dutch pension fund manager PGGM, in a push to diversify from ...

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