Young Journalists Club | Latest news of Iran and world

News ID: 46370
Publish Date: 9:38 - 04 June 2020
Tehran, 04 June_ Australia’s Infigen Energy is still going over a takeover offer to the tune of A$777 million ($535.82 million) by Philippine conglomerate Ayala Corp, the renewables firm said on Thursday, but described the bid as “opportunistic”.

Australia's Infigen Energy decries Ayala's $536 million bid as 'opportunistic'The comment follows Wednesday’s cash offer of A$0.80 a share by UAC Energy Holdings, a joint venture of Ayala’s AC Energy and Hong Kong-based UPC Renewables Group, for a firm whose shares have been hit by lower power prices.

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