Street Talk

Alinta Energy taps investment banks as HK tycoon owner weighs options

Sarah Thompson, Kanika Sood and Emma Rapaport

Jan 13, 2025 – 5.00am

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Bankers are on the scene at coal and gas power generation powerhouse Alinta Energy as major shareholder Chow Tai Fook Enterprises weighs introducing a new capital partner ahead of a major renewables push.

Street Talk understands Hong Kong’s Chow Tai Fook has tapped investment banks UBS and RBC Capital Markets for advice. How much Alinta’s owners are looking to part with is unclear, but Chow Tai Fook paid north of $4 billion for Alinta in 2017, meaning any share sale, even a minority, would be significant.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.