Sun Cable's voluntary administrators say they've appointed global investment bank Moelis & Company as a sale advisor as they begin accepting bids for the mammoth solar infrastructure project.
The company filed for voluntary administration on January 11 after disagreements between its billionaire backers, Andrew Forrest and Mike Cannon-Brookes.
FTI Consulting, the company's voluntary administrators, said on Tuesday they are seeking binding proposals for the sale of Sun Cable by the end of April, with a targeted completion no later than the end of May.