Chow Tai Fook to buy Alinta for A$4b

New Straits Times - - Business | World -

SIN­GA­PORE: Chow Tai Fook En­ter­prises Ltd agreed to ac­quire Alinta En­ergy Hold­ings Ltd in a multi-bil­lion dol­lar deal that marks the fam­i­ly­owned group’s foray into Aus­tralian util­i­ties. The com­pa­nies an­nounced the trans­ac­tion in sep­a­rate state­ments yesterday, without dis­clos­ing fi­nan­cial de­tails. Chow Tai Fook agreed to pay in­vestors in­clud­ing TPG Cap­i­tal more than A$4 bil­lion (RM13.76 bil­lion), said sources. Alinta’s as­sets span na­tion­wide en­ergy re­tail­ing through power gen­er­a­tion for industrial cus­tomers. Agen­cies

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