Australia Asset Sales: a Boon for Bankers?

The video discusses Australia's asset sales driven by Tony Abbott's building program, involving major banks like Macquarie, Morgan Stanley, and UBS. State governments, including NSW and Victoria, are selling assets to fund infrastructure projects. The economic impact is significant, with advisory fees potentially reaching $88 million. The sales are crucial for addressing Australia's budget deficit, with incentives offered for reinvestment in infrastructure. The outlook suggests continued M&A activity despite concerns over China's economic slowdown.

How much is the expected total from asset sales when the deals are completed?

What impact do infrastructure and privatizations have on M&A activity according to Goldman Sachs?