IFM Investors plans adviser hires for gas infra bid

03 December 2019 - 12:00 am UTC

Australia’s IFM Investors is on the verge of appointing Lazard and RBC Capital Markets to advise on its bid for the upcoming AUD 2-2.5bn (USD 1.36-1.7bn) sale of infrastructure owned by the Queensland Curtis LNG joint venture, sources said.

Lazard will be primary financial adviser and RBC will be debt adviser.

Both large and mid-size infrastructure funds are considering bidding for the assets, according to numerous sources.

Rothschild and law firm Norton Rose are advising the joint venture partners on the sale. Royal Dutch Shell is the operator and majority interest holder in QCLNG, also known as the QGC Venture. Its partners are China National Offshore Oil Corporation (CNOOC), which has 50% of Train 1, alongside Shell’s half share. Tokyo Gas has a 2.5% in Train 2, with Shell owning the balance.

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