Macquarie is reported to be aiming for the sale of its stake within a month.
The sale was anticipated to be finalised before Christmas but was complicated due to Brexit linked developments.
The sale falls within duration of holdings for Macquaries infrastructure funds.
- Expected sale price to be £1-£1.5bn
- BT Investment Fund, Abu Dhabi Investment Authority and China Investment fund are said to be not interested although they have first option rights.
- Borrealis is among the funds understood to be in the running.
- Sale being led by Normura.