SINGAPORE, May 17 (Reuters) - Singapore Power International
(SPI) has agreed to sell a 19.9 percent stake
in Australia's SP AusNet to China's State Grid International
Development Ltd for A$824 million ($812 million), SP
Ausnet said in a stock market filing on Friday.
SP AusNet, listed in Australia and Singapore, owns and
operates electricity and gas distribution assets in Victoria
state, including the state-wide electricity transmission
network.
SPI will continue to hold a 31.1 percent stake in SP AusNet
and SP AusNet will remain publicly listed, the statement said.
For details, click on:
($1 = 1.0146 Australian dollars)
(Reporting by Kevin Lim)
Source: http://news.yahoo.com/chinas-state-grid-buy-19-9-pct-stake-235140119.html
Pressure Cooker MIT Shooting NFL schedule 2013 Boston Explosion West Texas American Airlines Carlos Arredondo
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.