Infigen Energy logo

IFN - Infigen Energy News Story

A$0.93 0.0  0.0%

Last Trade - 02/11/20

Sector
Utilities
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £163.4m
Position in Universe th / 1908

Australia's Infigen Energy decries Ayala's $536 mln bid as 'opportunistic'

Thu 4th June, 2020 5:10am
June 4 (Reuters) - Australia's Infigen Energy  IFN.AX  is
still going over a takeover offer to the tune of A$777 million
($535.82 million) by Philippine conglomerate Ayala Corp  AC.PS ,
the renewables firm  said on Thursday, but described the bid as
"opportunistic". 
    The comment follows Wednesday's cash offer of A$0.80 a share
by UAC Energy Holdings, a joint venture of Ayala's AC Energy
 ACEPH.PS  and Hong Kong-based UPC Renewables Group, for a firm
whose shares have been hit by lower power prices.  urn:newsml:reuters.com:*:nL4N2DF48R  
 
($1=1.4501 Australian dollars)

 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by
Clarence Fernandez)
 ((NikhilKurian.Nainan@thomsonreuters.com; Twitter:
@NikhilKurianN; +91 806 182 2724))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.