Announced
Financials
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.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.