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On the lookout for distressed companies is Hong Kong-based outfit, Cheung Kong Group, which said at a recent Melbourne conference it was eyeing further power distribution acquisitions in Australia.
Since 1999, the company has spent $6 billion on acquiring Powercor in Victoria and ETSA in South Australia.
Analysts have named Origin Energy and possibly Wesfarmers Energy as other companies on the takeover trail in Australia's energy sector.