Ayala-owned group to bid for Infigen Energy

03 June 2020 - 12:00 am UTC

UAC Energy, part of the Philippines’ Ayala Group, today said that it will make an on-market takeover bid for the Australian renewables developer, Infigen Energy.

The all-cash offer is priced at AUD 0.80 per stapled security, valuing Infigen at AUD 777m (USD 539m) and a 43.4% premium to the one month-volume average weighted price of AUD 0.56, according to an announcement.

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