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 the bookrunners from the original HK$9.4 billion $1.2 billion IPO - Goldman Sachs, HSBC and UBS Warburg have been shortlisted as global co-ordinators, as has Merrill Lynch, which acted as government advisor last...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222