Infratil expects $33m loss on Perth Energy sale

Wed, 07 Aug 2019

By Gavin Evans Aug. 8 (BusinessDesk) - Infratil says it may post a $33 million loss on the sale of its 80 percent stake in Perth Energy. AGL Energy will pay A$55 million in cash for the business, which supplies power and gas to about 2,500 business customers in Western Australia and also operates a 120 MW gas or diesel-fired power station at Kwinana. AGL may pay a further A$14.9 million during the next three years subject to financial performance and other terms. “Infratil’s book value for Perth Energy was $89.3 million with the result...

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