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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 £162.5m
Position in Universe th / 1912

BUZZ-Australia's Infigen Energy soars on buyout bid from Philippines-based UAC

Wed 3rd June, 2020 1:26am
** Infigen Energy  IFN.AX  rises 34.8% to A$0.8 in early
trade
    ** UAC Energy Holdings, partly owned by a unit of the
Philippine conglomerate Ayala Corp  AC.PS , launches a takeover
bid for the renewable energy co, valuing it at about A$777 mln
($537.30 mln)  urn:newsml:reuters.com:*:nL4N2DF46S
    ** UAC Energy says it intends to make a takeover offer of
A$0.80 per Infigen share
    ** UAC Energy adds that it had acquired a 12.8% stake in
Infigen
    ** About 90.29 mln shares of IFN traded within first 20
minutes of trade vs its 30-day avg of 2.64 mln shares 
    ** Infigen shares down 9.2% this year, as of last close 

    ($1 = 1.4461 Australian dollars)

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))
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