Tuesday, 24 April 2007

ANZ $225m blow

Australian
Tuesday 24/4/2007 Page: 21

ANZ's Energy Infrastructure Trust has snapped up one of Australia's largest wind farms, the Wattle Point Wind Farm, in South Australia for $225 million from takeover target Alinta. Under a proposed scheme of arrangement with Babcock and Brown and Singapore Power, which plan to acquire Alinta for $7.4 billion, B&B Wind Partners will receive $211 million of the sale proceeds.

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