Hastings Said to Consider Joint Bid With APG for QML Toll Roads

Hastings Funds Management Ltd. may team up with APG Groep NV, Europe’s largest pension fund manager, to bid for Australian toll-road operator Queensland Motorways Ltd., two people with knowledge of the matter said.

Hastings and APG plan to form a group with Spain’s Abertis Infraestructuras SA to bid for the toll-road business, which may fetch more than A$5 billion ($4.4 billion), said the people, asking not to be identified as the details are private.