Announced
Financials
Sources
Tags
Australia
electricity transmission
Electricity Distribution
Acquisition
Domestic
Private
Private Equity
Pending
Friendly
Single Bidder
Majority
Synopsis
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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