UK infrastructure giant Arqiva, owned by a consortium including the Australian investment bank Macquarie and the Canada Pension Plan Investment Board, has most recently cancelled their decision to IPO, following the announcement on 23rd October that they planned a flotation on the London Stock Exchange.
Complications surrounding Arqiva’s £3bn debt pile were thought to have made a sale look more appealing, and bids and negotiations were ongoing over the summer, but its believed that talks with the last remaining bidder, a consortium led by investor Brookfield, ended without an agreement and an IPO bid was announced then swiftly cancelled.