NSW government has commenced bidding for the second and final stage of the sale of 50% of Endeavour Energy. The Australian Financial Review has noted that there are 4 bidders remaining.
- The known of the four bidders in the final stage is Transgrid, Borealis Infrastructure & Macquarie Infrastructure.
- Endeavours regulated asset base is $6bn with close to 1 million customers.
- Endeavours last annual report indicated $1.48bn in revenue and EBITDA of $686m.
- Enterprise value is estimated at $4bn.