Information Company Veda Among Final Suitors for ASIC Registry

Credit information company Veda is among the final bidders for ASIC Registry and has Lazard Australia in its corner.

The federal government and adviser Greenhill & Co also received offers on Monday from Canada’s Information Services Corporation – which has retained much bigger countryman Brookfield in an advisory role – and Borealis Infrastructure-owned Teranet, tended to by Macquarie Capital.

After a drawn out process – registrations of interest were this time last year – ASX-listed Link Group is understood to have withdrawn while Computershare’s interest has also waned.

ASIC Registry manages 31 separate registries, including the Companies Register and Business Names Register, which together contain more than 10 million records.

The government is seeking a new partner to run a big IT upgrade, and operate the business on a day-to-day basis.

Minister for Finance Mathias Cormann said in April that the process had led to six indicative bids from a “broad range of private sector bidders”. He said the government would retain ownership of ASIC Registry’s data.

BIIA covered this story earlier this week.

Source:  Financial Review