MTR Corp privatization re-activated

The Hong Kong government has shortlisted banks for the second and final tranche in the privatization of the MTR Corp.

Banks have until Saturday to submit technical pitches for a deal that is scheduled to raise up to HK$15 billion $1.9 billion. An oral presentation will take place next week, with a final decision expected two to three weeks later.

Similar to the government's previous divestment in September 2000, there is likely to be one financial advisor the booby prize and either two to three global co-ordinators league table eligibility and larger fees. All three of...

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