Bloomberg. The power line was extended in Latrobe Valley, Australia on Saturday, February 23, 2011. Australian Prime Minister Scott Morrison has pledged ২ 2 billion (.4 1.4 billion) in direct action to reduce greenhouse gas emissions over the next 10 years. A weather for voters before the election in May. Photographer: Carla Gotgens / Bloomberg
(Bloomberg) – AusNet Services Ltd, the owner of Australian power transmission and distribution assets, will enter into a takeover negotiation after adopting a method to make Brookfield Asset Management Inc. worth 9. 9.6 billion (7 7 billion).
Melbourne-based Osnet, which serves about 1.5 million customers in the southeastern state of Victoria, has contacted its two largest holders, Singapore Power International PTE and China’s State Grid Corporation, the company said in a statement Monday.
Brookfield’s offer to pay A $ 2.50 in cash per share is a premium of 17% of AusNet’s closing price on Friday. The parties will work diligently and agree to negotiate on an exclusive basis for at least seven weeks.
The potential deal follows the expansion of M&A activity for infrastructure resources in Australia, including the Sydney toll road, energy company Spark Infrastructure Group and Sydney Airport.
“As the owner of the current Victorian transmission network, Asnet is uniquely positioned to grow because the conversion of energy driven by decarbonization is accelerated,” Asnet said in a statement.
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