NSW set to reap close to $8bn from Endeavour sale to Macquarie-led consortium
The New South Wales Government is set to reap close to $8 billion from the sale of Endeavour Energy from Macquarie Group and its backers.
It is understood the consortium is paying nearly $8bn in a deal that also includes a refinancing package on the entire asset as well as the acquisition of a 50.4 per ownership interest.
The price for the 50.4 per cent stake on offer equates to over 1.5 times the asset’s regulated asset base.
Endeavour’s regulated asset base (RAB) equates to $6bn.
The deal is said to be the most lucrative of all of the NSW electricity asset sales so far.
Sources say Macquarie and partners will be announced as the winning consortium today.
Thursday, May 11, 2017
Subscribe to weekly updates
- Orica CEO Caldreron: ACCC’s gas price transparency move will help local firms
- Snowy Hydro CEO sees room for all storage projects
- Frydenberg asks energy regulator to probe electricity price-gouging claims
- Tesla’s giant battery in Australia reduced grid service cost by 90%
- Clean Energy Regulator confirms the RET is met
- Delta Electricity in $410m pumped hydro push
- Australia is the only G20 country without nuclear power. Why?
- Hong Kong's Alinta Energy offers $250m for Muswellbrook's Liddell power station
- AEMC says grid operating to standards, prompts call for new standards
- AGL to build $400m gas-fired power plant