Harry Triguboff in talks for $6b Meriton sale

30/10/2014 12:54 am

harry triguboffBillionaire Harry Triguboff is in talks with a Chinese company to sell  Meriton, Australia’s biggest homebuilder.

“It’s of great interest for me to sell” Meriton Pty, Triguboff, 81, said in an interview in Sydney, adding that he last met with the interested buyer last week. He declined to identify the company. “I showed them my valuation, they’re looking at their valuation; that’s what we’re doing now.”

Asian developers including Greenland Holding Group Co. and Singapore-based Frasers Centrepoint Ltd. (FCL) are seeking to tap into a 12 percent surge in Sydney apartment prices.

Via Bloomberg