Business Services Industry

SingPower reopens power play with move to offload $2.2bn of TXU.(Singapore Power Company Ltd.)(TXU Corp.)(Brief Article)

Australasian Business Intelligence, February, 2005

Feb 16, 2005 (The Age - ABIX via COMTEX)

Singapore Power (SP) is attempting to sell the merchant energy portfolio it acquired as part of its TXU purchase in 2004. The sale is partially a response to concerns of the Australian Competition & Consumer Commission regarding competition issues, and partially to return to SP's main focus on regulated network assets. SP is believed to be seeking up to $A2.2 billion, including debt, for the TXU merchant energy assets. CLP, Alinta and International Power are conducting due diligence, but may face some regulatory hurdles.

Publication Date: 17 February 2005

SINGAPORE POWER LIMITED: 

TXU CORPORATION:

AUSTRALIAN COMPETITION AND CONSUMER

COMMISSION:

SPI POWERNET PTY LTD:...

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