Several 'confidential' bids for Alinta

Alinta Energy has received a number of trade bids for its whole business and individual assets as part of the company's debt reduction process.

In a statement to the Australian Securities Exchange, Alinta said, "The bids remain confidential, and only capable of acceptance subject to a number of terms and conditions including access to "black box" due diligence information and consideration by lenders."

UBS AG Australian Branch has been acting as the asset sales adviser.

Alinta said the company's lenders will be briefed on the bids later this week.

There are several companies reportedly interested in purchasing the whole business including Origin Energy, APA Group and BHP Billiton.

The Australian Newspaper reported today that it is believed only two serious bids had been received by the Friday deadline.

See company statement below:

Alinta Energy (ASX:AEJ) today advises that as part of its deleveraging process a number of trade bids for whole of business and individual assets have been received.

The bids remain confidential, and only capable of acceptance subject to a number of terms and conditions including access to "black box" due diligence information and consideration by lenders.

UBS AG Australian Branch has been acting as the asset sales adviser to Alinta and the process has been run constructively with Alinta's lending group.

The lenders will be briefed on the trade bids later this week and Alinta expects to be in active discussions with its lenders regarding the various deleveraging options over the course of the week.

Further disclosures will be made to the market in due course and any deleveraging proposal is expected to be subject to various approvals including from lenders and securityholders.