Deals
Hong Kong’s CLP Weighing Sale of $2 Billion EnergyAustralia
- CLP acquired the Australian business more than a decade ago
- EnergyAustralia has over 2.4 million Australian accounts
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CLP Holdings Ltd., one of Hong Kong’s electricity providers, is considering a sale of its unit EnergyAustralia, people with knowledge of the matter said.
CLP is working with a financial adviser on the proposed divestment, which could value the wholly-owned unit at about $2 billion, the people said. The utility has reached out to potential bidders to gauge interest, they said, asking not to be identified as the information isn’t public.