SYDNEY (Reuters) – Australian renewable enery company Energy Developments Corp (ENE.AX) has receieved a takeover bid from private equity group Pacific Equity Partners, which values Energy Developments at A$415 million ($380 million) on a fully diluted basis.
Energy Developments said in statement on Monday it had allowed Pacific Equity Partners to carry out due dilligence. The proposal is incomplete, Energy Developments said.
($1=1.091 Australian Dollar) (Reporting by Denny Thomas; Editing by Mark Bendeich) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.