Endeavour Energy stake may be sold. There has been lots of interest in the potential sale of 50.4% stake in Endeavour Energy. Suitors have until January 16, 2017 to formally express interest, and as part of the expressions process, they need to inform the government and its advisers whether they'll bid alone or as part of a bigger group. The auction is expected to see rival Australian infrastructure managers QIC Limited and Hastings Funds Management Limited, and IFM Investors Pty Ltd to participate. It is known that Hastings will bid as part of the TransGrid consortium. QIC is expected to line up with Borealis Infrastructure Trust in a bid advised by Credit Suisse and HSBC. Its unsure is whether Macquarie Media Limited (ASX:MRN) Macquarie Infrastructure and Real Assets (MIRA) and AMP Capital Investors Limited also fold into that consortium. There is also State Grid Corporation of China, which will need a local partner if it is lodge a binding bid under rules conveyed to interested parties. No single foreign investor will be able to buy more than half of the 50.4% stake, as Street Talk reported on November 30, 2016. State Grid has worked closely with Macquarie's infrastructure arm in recent times. As for advisers, the usual suspects in infrastructure auctions such as Macquarie Capital, Morgan Stanley and Goldman Sachs are expected to stitch up mandates in the coming week. RBC Capital and JPMorgan are expected to work for the TransGrid owners. NSW is expected to call for indicative bids in mid of February 2017 and seek to have a deal signed by June 30, 2017.