MARKETS

Spark receives higher offer in international takeover bid

THE suitors interested in acquiring ASX-listed Spark Infrastructure have upped the ante, offering an all-cash consideration of A$2.95 per stapled security, after the previous offer of A$2.80 was deemed too low.

Mark Tilly

New offer values it at A$5.2 billion

Spark focusses on electricity generation and infrastructure, with working interests in SA Power Networks, CitiPower and PowerCor and TransGrid. It has 100% ownership of the Bomen Solar Farm in Wagga...

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