Rio Tinto PLCRio Tinto is selling infrastructure assets for $2-3 billion, which could streamline operations and provide capital.
Rio Tinto’s planned sale of infrastructure assets is attracting interest from major private equity firms including Blackstone, Apollo Global Management, KKR, and Stonepeak, according to The Australian. The deal is expected to total between $2 billion and $3 billion, with Morgan Stanley managing the sale process. The assets span infrastructure holdings in Canada and the Pilbara region of Western Australia, though the final shape of the transaction remains fluid. Regulatory scrutiny in Australia could pose a hurdle for offshore buyers, potentially making the Canadian assets the first to be sold.
Rio Tinto PLCRio Tinto is selling infrastructure assets for $2-3 billion, which could streamline operations and provide capital.
BHP Group Limited
Apollo Global Management LLC Class AApollo is one of the private equity firms interested in acquiring Rio Tinto's infrastructure assets, a potential investment opportunity.
KKR & Co. Inc.KKR is one of the private equity firms interested in acquiring Rio Tinto's infrastructure assets, a potential investment opportunity.
Blackstone Group IncBlackstone is one of the private equity firms interested in acquiring Rio Tinto's infrastructure assets, a potential investment opportunity.
Morgan StanleyMorgan Stanley is managing the sale process, which could generate advisory fees and enhance its investment banking business.
Stonepeak is one of the private equity firms interested in acquiring Rio Tinto's infrastructure assets, a potential investment opportunity.