Second Stage of Endeavour Bid

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.

Key Attributes;

  • 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.

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