01-09-2024, 09:04 AM
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GIP set to pay $1.8bn for Singapore Power stake in Jemena
01-09-2024, 09:07 AM
Jemena is the largest gas distributor in NSW, and the state-owned utilities giant’s slice is expected to be worth $5 billion to $6 billion.
It’s been eight months since Street Talk reported that Global Infrastructure Partners had thrown its hat in the ring for a 40 per cent stake in Singapore Power-owned gas and electricity distributor Jemena.
There have been plenty of twists and turns since but – as of the weekend – GIP’s local dealmakers were down to the short strokes and expected to secure preferred bidder status over the shareholding as early as next week,
https://www.afr.com/street-talk/global-i...829-p5k6aw
It’s been eight months since Street Talk reported that Global Infrastructure Partners had thrown its hat in the ring for a 40 per cent stake in Singapore Power-owned gas and electricity distributor Jemena.
There have been plenty of twists and turns since but – as of the weekend – GIP’s local dealmakers were down to the short strokes and expected to secure preferred bidder status over the shareholding as early as next week,
https://www.afr.com/street-talk/global-i...829-p5k6aw
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