More News
UTILITIES | Staff Reporter, Hong Kong
view(s)

Chow Tai Fook Enterprises buys Australia's Alinta Energy

Alinta abandoned plans to list on the ASX for $4b.

According to ABC Online, Chow Tai Fook Enterprises Limited (CTFE) — owned by the Cheng family — paid an undisclosed sum for the utility, which had been planning to list on the Australian Securities Exchange (ASX) for an estimated $4 billion.

Alinta is currently owned by a group of hedge funds and private equity.

In a statement, the Sydney-headquartered company said the deal would be CTFE's first significant investment in Australia's energy market.

Read the full story here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.