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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