MTR Corp hits the road

Investor presentations for Hong Kong''s benchmark privatisation will kick off next Thursday following a crucial meeting this Saturday to determine the final size and structure of the deal.

Scheduled for listing on October 5, MTR will open retail and institutional books on September 25, with pricing occurring three days later on September 28. Having accepted a much lower valuation for the railway and property company that it initially hoped for, the government will settle final deal details with global co-ordinators Goldman Sachs, HSBC and UBS Warburg on Saturday.

Faced with the choice of increasing the size and liquidity of the deal in the face...

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