According to media reports, the consortium led by Macquarie Infrastructure & Real Assets and AMP (on behalf of local and international funds) have secured the privatisation of the sought after state energy provider for $7.6bn or 1.62 times regulated asset base.
It beat the second favoured bid which was put through by Hastings and Spark Infrastructure.
- Bid won by the Advance Energy consortium consisting of Macquarie’s MIRA unit and AMP on behalf of other fund managers.
- The acquisition gives the consortium a 50.4% stake.
- Bid amount reported to be $7.6bn.
- Leading bid advised by Macquarie Capital & Ashurst.