Alinta takes giant leap ahead

FAITH was a big word washing around investor circles following the $1.69 billion deal by Alinta to take over the Australian and New Zealand assets of the US-based Duke Energy Group.

The move is a giant leap for the one-time gas utility that more than doubles its size and significantly extends its geographic reach – the kind of deal that can make, or break, a company such as Alinta.

Especially when it comes just over six months after another huge deal – buying out cornerstone investor Aquila both in WA and over east in a transaction that earned it the WA Business News 2003 deal of the year.


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