UAC Energy completed the acquisition of a 12.8% stake in Infigen Energy for $69m.

UAC Energy, which is owned by UPC Renewables and Ayala, completed the acquisition of a 12.8% stake in Infigen Energy, an Australian renewable energy company, for $69m. “We have ready access to capital and significant renewable energy expertise that will position us well to support Infigen’s pipeline of projects and focus on much needed renewable energy investment and associated employment in Australia,” Anton Rohner, UAC Chairman. UAC also intends to make an off-market takeover bid, implying a total equity value of $535m for 100% of Infigen.