A consortium of infrastructure funds at Goldman Sachs (GS.N) and Macquarie (MQG.AX) is seen as the front runner in the sale of European bulk port terminal operator HES International, worth around 2 billion euros ($2.5 billion), industry sources said.

Morgan Stanley (MS.N) is mandated to sell the asset, two sources, whose organizations had considered bidding for it, said. They added that the expectation Goldman Sachs and Macquarie would win put off some prospective bidders.

The sources, both in the infrastructure investing industry, said the growth projections provided by the company were too aggressive.

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