SYDNEY, Oct 9 (Reuters) Australian defence and technology systems group Tenix will seek expressions of interest from up to 40 potential bidders in a proposed A$1 billion ($893 million) auction of the private company, sources familiar with the matter said Tuesday.
Australian construction firm Leighton Holdings Ltd
Tenix said this week it had appointed UBS
''Considerable interest has been shown by multiple parties in participating in the growth of Tenix's defence and infrastructure businesses and it is expected this interest will result in a positive outcome,'' Tenix Chief Executive Greg Hayes said in a statement.
Britain's BAE Systems
Tenix would consider offers for the entire group or parts of the company which has interests in defence, infrastructure services, and traffic management.
''All options are on the table,'' the source said, saying Tenix' owners expected the sale price to be around A$1 billion.
It was still early days and an information memorandum had not been sent to potential bidders yet, a second source added.
Leighton and United declined to comment.
REUTERS SR GC1203