Bankers are on the scene at coal and gas power generation powerhouse Alinta Energy as major shareholder Chow Tai Fook Enterprises Ltd weighs introducing a capital partner before a big renewables push.
Street Talk understands 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.
A spokesperson from Alinta confirmed the company was “exploring co-operation and co-investment opportunities with potential partners” to deliver on its renewables development pipeline ambitions.
“Alinta Energy is always considering opportunities to support its growth ambition,” the spokesperson said. “Discussions are in early stages and there is no certainty that a transaction will take place.”
Read the full story tomorrow and more on the Street Talk page.
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