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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 £161.3m
Position in Universe th / 1913

Ayala's indirect unit announces bid to buy Australia's Infigen Energy

Wed 3rd June, 2020 12:32am
June 3 (Reuters) - UAC Energy Holdings, partly owned by a
unit of Philippine conglomerate Ayala Corp  AC.PS , said on
Wednesday it will make a takeover bid for Australian renewable
energy company Infigen Energy  IFN.AX  valuing it at about A$777
million ($535 million).
    UAC said it intends to make a takeover bid of A$0.80 per
Infigen share. 
    UAC also said it had acquired a 12.8% stake in Infigen. 
    
    ($1 = 1.4514 Australian dollars)

 (Reporting by Shreya Mariam Job in Bengaluru; Editing by Tom
Hogue)
 ((ShreyaMariam.Job@thomsonreuters.com;))
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