Morrison & Co close to deciding fund sale

10 June 2020 - 12:00 am UTC

Morrison & Co is expected to pick a buyer for its Public Infrastructure Partners Fund I (PIP I) before the end of the month, four sources familiar with the situation said.

Final bids were lodged at the end of May. Two Korean consortia led by KDB KIAMCO and Korean Teachers Mutual Fund have now been shortlisted, the sources said. One source said there is a third bidder, but it is unclear who they are.

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