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Australia's asset sales a boon for bankers as corporate M&As slide

Regional govts disposing of assets to finance building of public infrastructure

Published Wed, Oct 29, 2014 · 09:50 PM
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Melbourne

AUSTRALIAN Prime Minister Tony Abbott is turning out to be an investment banker's best friend.

His centre-right government is in the midst of an unprecedented push to build public infrastructure - and to finance the programme, regional authorities are busy selling off state assets, creating a boon for bankers just as Australian corporate mergers and acquisitions (M&As) slow.

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