Victoria sells Loy Yang A
Article Abstract:
The state of Victoria, Australia, has completed the A$4.86 billion sale of its 2,000 MW brown coal Loy Yang A power station to an Australian-American consortium. The total amount raised from electricity privatizations by the state amounts to nearly A$19 billion. The consortium, Horizon Energy, is 50% owned by US-based CMS Generation, with other major shareholders being NGR Energy and Horizon Energy Investments. Meanwhile, New South Wales state government is to privatize its Totalisator Agency Board and will cut the state's 25% wagering tax to facilitate the sale.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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British Energy
Article Abstract:
The UK government raised $1.4 billion through the sale of equity in British Energy in Jul 1996, along with $700 million from debt injected into the company. This deal was the final stage in the UK's electricity privatisation programme. Some observers had thought that it would be impossible to privatise British Energy, the first publicly quoted, solely nuclear power generating concern in the world. It was necessary for BZW, which coordinated the sale, to undertake extensive preparatory work.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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One of the most unlikely privatisations
Article Abstract:
One of the British government's most ambitious privatizations will be the forthcoming initial public offering (IPO) of nuclear company British Energy, expected in July 1996. The IPO of the U.K.'s operator of pressurized water and advanced gas-cooled nuclear reactors has raised little public awareness, probably because no new legislation has been required to allow the sale to go ahead. An analysis of the pending sale is presented.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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