Australian grid receives "strong" indicative bid

February 29, 2016 7:32 AM

9 0

SYDNEY Feb 29 The sale process for Australian electricity distributor Ausgrid has received "strong" indicative bids and the government of New South Wales (NSW) state is on track to announce a winner by mid-2016, state Treasurer Gladys Berejiklian said on Monday.

The sale of a 50.4 percent stake in Ausgrid could help the NSW state government raise more than A$10 billion ($7.1 billion), sources familiar with the matter said.

Also read: As Islamic State Recedes, Iraqi Forces and Kurds Turn on Each Other

Read more

To category page

Loading...