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New Deal


Announced

Australian Utilities Trust to acquire a 33% stake in ElectraNet from YTL Power for $729m.

Financials

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Transaction Value£538m
Consideration TypeCash
Capital Owned20%
Capital Bid For34%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

electricity transmission

Electricity Distribution

Acquisition

Domestic

Private

Private Equity

Pending

Friendly

Single Bidder

Majority

Synopsis

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Australian Utilities Trust, an open-ended core infrastructure fund, agreed to acquire a 33% stake in ElectraNet, an electricity transmission company in South Australia, from YTL Power, an independent power producer, for $729m. YTL Power group managing director Yeoh Seok Hong said the transaction presented his company with the opportunity to realise gains from a mature investment.

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