Hong Kong group to buy Alinta Energy in $4bn deal

16 March 2017

Chow Tai Fook Enterprises (CTFE) announced it has agreed to buy gas and electricity retailer Alinta Energy for around $4bn, marking its first major foray into Australia’s energy sector.

The firm, controlled by Hong Kong’s billionaire Cheng family, said it had entered into a binding agreement to buy all of Alinta’s shares, subject to approval by Australia’s Foreign Investment Review Board (FIRB) and the newly established Critical Infrastructure Centre (CIC), tasked with vetting foreign investments in power grids and ports.

 Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:
Don't have an account? Register here

JOIN CIPS

Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

LATEST
JOBS
Swindon, Wiltshire
upto £40K base (+ Paid overtime and corporate benefits)
Honda Manufacturing Ltd
Kew gardens, Richmond upon Thames, London (Greater)
£37,000 - £42,500 per annum pro rata, depending on skills and experience
Kew Royal Botanic Gardens
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE