ENQUIRE HERE
 
< Back to News Archive

 
posted on:
December
17
2015

Pacific Hydro sold to China's State Power Investment Corp

 

Source: AFR 16 December 2015


China's State Power Investment Corp has bought IFM Investors' renewable energy business, Pacific Hydro.


IFM signed a deal to sell Pacific Hydro in its entirety on Wednesday afternoon following a hotly-contested auction which saw multiple bids for the business as a whole and for the separate Australian and South American units.


Santander advised State Power Investment Corp. The sale price is said to be north of $3 billion, including debt. 


The deal is expected to close in late January.


Read More HERE