September 24, 2017 10:43 PM ET

Road and Rail

Company Overview of Pacific National (NSW) Pty Ltd.

Company Overview

Pacific National (NSW) Pty Ltd. provides rail freight services in Australia. It offers National Intermodal freight haulage and bulk haulage services. Pacific National (NSW) Pty Ltd. was formerly known as National Rail Consortium (SSL) Pty. Ltd. and changed its name to Pacific National (NSW) Pty Ltd. in June 2002. The company was incorporated in 2001 and is based in North Sydney, Australia. Pacific National (NSW) Pty Ltd. operates as a subsidiary of Asciano Limited.

Level 18

15 Blue Street

North Sydney, NSW 2060

Australia

Founded in 2001

Phone:

61 2 8484 8000

Fax:

61 2 8484 8151

Key Executives for Pacific National (NSW) Pty Ltd.

Pacific National (NSW) Pty Ltd. does not have any Key Executives recorded.

Pacific National (NSW) Pty Ltd. Key Developments

Bids For Hunter Valley Reportedly Due In A Month

Pacific National (NSW) Pty Ltd., Aurizon Holdings Limited (ASX:AZJ), Genesee & Wyoming Inc. (NYSE:GWR) and other potential bidders have over a month to register their indicative bids for the Hunter Valley rail unit of Glencore Plc (LSE:GLEN), as reported by Street Talk. Sources said that first-round offers were due in middle of July, 2016 while Glencore is seeking to have the sale wrapped up before the end of 2016. Pacific National is expected to work with Credit Suisse or Goldman Sachs, UBS is expected to work with Aurizon and Genesee & Wyoming is expected to work with Bank of America Merrill Lynch while Glencore is working with RBC Capital Markets.

Genesee Interested In Glencore's NSW Coal Haulage Business

Genesee & Wyoming Inc. (NYSE:GWR) is interested in Glencore Plc (LSE:GLEN) NSW coal haulage business, which is up for sale through the Royal Bank of Canada (TSX:RY). Other parties circling Glencore's rail business include Pacific National (NSW) Pty Ltd., Aurizon Holdings Limited (ASX:AZJ) and Macquarie Infrastructure and Real Assets, Inc.

Suitors Eyeing Glencore's NSW Rail Haulage Operations

Global Infrastructure Partners, Canada Pension Plan Investment Board, CIC Capital Corporation, GIC Pte. Ltd., and British Columbia Investment Management Corporation are likely to bid for NSW rail haulage operations of Glencore Plc (LSE:GLEN). Glencore expects to raise about $1 billion from the sale of its Hunter Valley coal haulage business, known as GRail, to raise cash to reduce debt. Aurizon Holdings Limited (ASX:AZJ) has already been contacted by Glencore's bankers in order to assess its interest in a potential sale of rail haulage operations. It is expected to analyze the business. "We always look at opportunities," Aurizon's spokesperson said. Pacific National (NSW) Pty Ltd. and MIRA are also among the potential bidders.

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Recent Private Companies Transactions

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