Exclusives

A process for British utility SSE to sell a holding in SGN, which could be worth up to £1bn, is likely to close before the sale of National Grid completes.

The Dutch firm has hired Macquarie Capital’s former head of Benelux and the Nordics to lead the strategy.

The A$34bn super fund is also looking to recruit three infrastructure specialists as it looks to bolster its investment in greenfield and small to medium-sized brownfield assets.

Having closed its debut A$100m vehicle in one go, the Australian fund manager is already mulling a successor fund.

At least five investors are doing due diligence on the innovative European vehicle, which is targeting investments worth around €1bn.

Unfazed by political turmoil in the country, the French firm is aiming to raise debt for two PPP projects worth a combined €1bn.

The UK telecoms group, whose largest owners are CPPIB, Macquarie and IFM, is in the process of shedding assets to refocus on its infrastructure business.

Having sealed a June first investment from its new European vehicle, the firm expects to hit its €700m target the fund’s debut series in the autumn.

The sale of Macquarie’s 26% stake in the UK utility, delayed by Brexit, is expected to be agreed by the end of the year.

The Chinese sovereign fund, which is currently only exposed to the sector through third parties, is looking at assets including wind and solar projects.