But Mr Ronson is understood to have no involvement in the bid itself. HNV Acquisition has been chosen from a shortlist of six as the preferred candidate to buy the property and petrol stations group. The search for a buyer began earlier this year when Heron became technically in default on the restructuring agreement for its pounds 1.3bn of debt.
The bidding vehicle was set up by a group headed by Steven Green, chairman and chief executive of Astrum International, which owns the Samsonite luggage group. Meshulam Riklis, a Wall Street investor, is the key shareholder in Astrum.
Mr Green has assembled a group who will invest as limited partners in HNV, including Mr Murdoch, chairman of The News Corporation, and the Milken Family Trusts.Reuse content