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Global Infrastructure Partners closes in on $5b-plus Jemena stake

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It’s been eight months since Street Talk reported that Global Infrastructure Partners had thrown its hat in the ring for a 40 per cent stake in Singapore Power-owned gas and electricity distributor Jemena.

There have been plenty of twists and turns since but – as of the weekend – GIP’s local dealmakers were down to the short strokes and expected to secure preferred bidder status over the shareholding as early as next week,

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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. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/global-infrastructure-partners-closes-in-on-5b-plus-jemena-stake-20240829-p5k6aw