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IFN - Infigen Energy News Story

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Last Trade - 02/11/20

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
    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.*:nL4N2DF48R  
($1=1.4501 Australian dollars)

 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by
Clarence Fernandez)
 ((; Twitter:
@NikhilKurianN; +91 806 182 2724))
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