Infragreen Group Ltd
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Spanish utility trumps Philippine bid for clean energy player Infigen
Infigen Energy (ASX: IFN) has headed off a hostile Philippine takeover bid by recommending shareholders spurn that earlier offer and accept a higher cash offer from a Spanish energy giant, Iberdrola. Through a deal with Infigen’s largest holders of its stapled securities, Iberdrola has already sewn up 20% of Infigen. Earlier this month UAC Energy […]
Infigen Energy becomes $777m takeover target of Philippine conglomerate
Clean energy company Infigen Energy (ASX: IFN) is the subject of a takeover bid after UAC Energy Holdings, 75%-owned by giant Philippines conglomerate Ayala Corporation, snapped up 12.82% of the target through an on-market raid Tuesday. The on-market buying was handled by Credit Suisse on UAC’s behalf. UAC says it now intends to make an […]