Business Services Industry
CLP risks cash on regulatory approval.(CLP POWER INTERNATIONAL LIMITED)(Brief Article)
Australasian Business Intelligence, March, 2005
Mar 09, 2005 (The Age - ABIX via COMTEX)
CLP has submitted its final bid for Singapore Power's TXU merchant energy portfolio in Australia. CLP has completed due diligence on market-sensitive information and has announced its purchase to the Hong Kong Stock Exchange. However, the transaction still faces several regulatory hurdles. In order to proceed, the deal must be approved by the Australian Competition & Consumer Commission (ACCC) and by the Foreign Investment Review Board. There are some indications ACCC chairman, Graeme Samuel, could be less likely to block vertical integration in the power business than his predecessor, Allan Fels.
Publication Date: 10 March 2005
CLP POWER INTERNATIONAL LIMITED:
CHINA LIGHT AND POWER COMPANY:...
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