EnergyAustralia, Alinta merger would shake up electricity and gas supply
Private equity giants are sniffing around a “once in a blue moon” chance to combine EnergyAustralia and Alinta, making a motza from what’s left of coal power.
The country’s electricity market could be set for its biggest ownership shake-up in decades with bankers and private capital investors thinking about combining the third and fourth-largest players to create a $10 billion-plus company better able to fund the transition away from coal-fired power generation and compete with Origin Energy and AGL Energy.
EnergyAustralia and Alinta Energy’s owners, both Hong Kong-listed companies, have separately had different bankers running numbers on exit and co-investment options in the past three years, including a sale to private equity and/or a new investor to fund their renewable development pipelines.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
