Company Overview of QIC Limited
QIC Limited is a Government owned investment manager. The firm provides its services to superannuation funds, government and statutory authorities, insurance organizations, charitable bodies, financial services companies, and educational institutions. It manages separate client focused equity and fixed income portfolios. The firm also manages equity, fixed income, and real estate funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm also engages in investment and development of real estate. It employs a combination of in-house and external research to make its investments. The firm was founded on 1 July 1991 and is based in Brisbane, Austr...
66 Eagle Street
Central Plaza Two
Brisbane, QLD 4001
Founded in 1991
Key Executives for QIC Limited
Chief Executive Officer and Chairman of Executive Committee
Chief Financial Officer of Corporate Services
Managing Director of HR and Corporate Communications
Head of Global Real Estate
Joint Managing Director of Active Management and Member of the Alpha Committee
Compensation as of Fiscal Year 2013.
QIC Limited Key Developments
Newcastle Port Receives Number Of Interest From Various Players
Dec 9 13
Newcastle Port Corporation is set to receive a number of bids from various players with Asciano Finance Trust leading the expressions of interest for Port of Newcastle's long-term lease, with the group weighing a bid alongside Marubeni Corporation (TSE:8002). Deutsche Asset & Wealth Management may also join the consortium. It is understood Asciano will express its interest by December 9, 2013's, 10 AM deadline. While the auction is only in its early stages, potential buyers have been asked to express their interest to receive the sale documents and progress through the sale. Expectations are the port could sell for up to AUD 1 billion, based on other recent deals in the sector, marking another landmark privatization for NSW. First round-bids are expected early in 2014, with a final deal to be signed before the 2015 financial year budget in May 2014. Several bidding consortiums have formed, including a group led by Hastings Funds Management Limited, thought to include Mitsui & Co. Ltd. (TSE:8031) and advised by RBC Capital Markets. QIC Limited, Future Fund and Macquarie Infrastructure and Real Assets (Europe) Limited will lodge expression of interests, and are seeking partners for a tilt. Brookfield Asset Management Inc. (TSX:BAM.A) will also take an information memorandum. The port has been pitched to buyers as a long-term play on NSW's biggest coal customers, including Japan, China, Korea and Taiwan. Mike Baird, Treasurer of NSW, is seeking to sell the port to reinvest in infrastructure. Mike valued the Port of Newcastle at AUD 700 million.
Government To Sell QIC And Power Assets
Dec 4 13
The premier and treasurer of Redcliffe have increased their efforts to seek public support to sell power generators and QIC Limited. 2014's by-election in Redcliffe will be a referendum on asset sales, the electricity union added. Treasurer, Tim Nicholls, said that the government is still weighing up the pros and cons of asset sales. Nicholls couldn't guarantee that rising electricity prices would be alleviated if the generators are sold and added, "Ownership of those assets have made very little difference to the price."
QIC Hires Macquarie Capital And UBS To Sell QML
Nov 25 13
QIC Limited hired investment banks Macquarie Capital and UBS to sell Queensland Motorways Pty Limited and will call for expressions of interest in December, 2013. Potential investors, including Australian and offshore funds, will be approached for their views. Potential investors, including Australian and offshore funds, will be approached for their views. Given the strong demand for established infrastructure assets, it not surprising QICwas approached by a handful of interested parties earlier this year, including one informal bid worth up to $7billion. QIC and its advisers will decide on the final sale structure after meeting with potential buyers. The company is considering radical strategy for the sale of QML, according to sources close to the deal. QIC is considering setting up a fund to buy QML for an estimated $5.5 billion to $7 billion. Without joining a consortium to buy the entire company, Infrastructure investors would then bid in an auction and could own part of QML. QML owns debt of $2billion to $3billion. Transurban Group (ASX:TCL) is the key player in the transaction with $10.5billion gorilla of Australian toll roads. Scott Charlton, Chief Executive Officer of Transurban, said he will look at QML.
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