IPO? Na……. Sale? Yes…..Alinta Sold to Hong Kong Company

Pic via the Advertiser
Preparing for an IPO not too long ago, private equity owned Alinta Energy has been sold to Honk Kong diversified company; Chow Tai Fook Enterprises. 

The acquisition cost is said to be $4bn and will provide an out for its owners TPG amongst others, whom have been looking at an exit strategy.

Reuters has noted that the form of financing or equity/debt mix is not yet certain and neither is approval from Australia’s Foreign Investment Review Board. 

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