Four lodge bids for Australian bus transport group Kinetic

07 September 2020 - 12:00 am UTC

Global infrastructure investors including Kohlberg Kravis Roberts have entered the sale of Kinetic, a bus transport business owned by OPTrust, despite Melbourne’s extended Level 4 COVID-19 lockdown, according to three sources close to the process.

Morgan Stanley Infrastructure and Stonepeak Infrastructure Partners have also lodged indicative bids for the Australasian transport group ahead of the 4 September deadline, they said.

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