We’re back scratching around Australia’s red-hot infrastructure and utilities sector, and have unearthed another potential deal in electricity networks.
This time it is South Australian transmission company ElectraNet, which has lobbed on to the radars of some of the big superannuation funds and infrastructure investment firms battling for AusNet Services, Spark Infrastructure and a stake in Ausgrid.
ElectraNet’s second biggest investor, Malaysia’s YTL Power, is understood to have called in the bankers and started shopping its 33.5 per cent stake.
The stake’s expected to be worth more than $500 million, although it remains to be seen whether a new investor will be able to outbid those already in the ElectraNet ownership group.
Malaysia’s YTL Power has put its stake in South Australia’s ElectraNet on the block, in effort to capitalise on red-hot investor interest in Australian electricity infrastructure.
Print cartridge recycler Close the Loop sees its future growth coming from urban mining, in which is breaks down e-waste, batteries and even cosmetics.
Topelia Australia has acquired the rights to Professor Thomas Borody’s ivermectin triple therapy for COVID-19 and is raising funds to support clinical trials.
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