Australia's New South Wales state has shortlisted three bidders for the $2 billion long-term lease to run a desalination plant in Sydney, its largest city, four sources with knowledge of the deal said on Wednesday.The shortlisted bidders are groups led by Industry Funds Management (IFM); Mitsubishi Corp and Acciona, and Hastings Funds Management with Ontario Teachers Pension Plan (OTPP), said the sources, who declined to be named because the shortlist is not yet public.Macquarie Group is advising Industry Funds Management, while Morgan Stanley and Royal Bank of Canada are jointly advising Hastings and OTPP. Goldman Sachs is advising the NSW state government.A group led by Queensland Investment Corp (QIC), which was bidding with infrastructure fund RREEF, was among those to miss out on the shortlist, the sources said.
Royal Bank of Canada (RBC) is a diversified financial services company. Shares of RY remained unchanged at $55.62. In the past year, the shares have traded as low as $43.30 and as high as $61.53. On average, 3737450 shares of RY.TO exchange hands on a given day and today's volume is recorded at 3536410.
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.21% or $-0.04/share to $18.71. In the past year, the shares have traded as low as $11.58 and as high as $29.56. On average, 27450900 shares of MS exchange hands on a given day and today's volume is recorded at 21728268.
Royal Bank of Canada (RBC) is a diversified financial services company. Shares of RY traded higher by 1.47% or $0.81/share to $55.85. In the past year, the shares have traded as low as $41.40 and as high as $63.59. On average, 947624 shares of RY exchange hands on a given day and today's volume is recorded at 866094.
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