Street Talk

Alinta’s Singaporean suitor ready to sign on the dotted line

Sarah Thompson, Kanika Sood and Emma Rapaport

Dec 7, 2025 – 4.55pm

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Alinta Energy boss Jeff Dimery and his army of advisers are in line for some downtime this Christmas, as the gentailer’s multi-year search for a new owner finally hits the mark.

Street Talk can reveal Singapore-listed energy player Sembcorp is expected to sign a deal to buy Australia’s fourth-largest utility company as early as Thursday. It comes after the mooted merger was understood to have been discussed during Singaporean Prime Minister Lawrence Wong’s first official visit to Australia to meet Anthony Albanese in October.

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.