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Sydney Airport rejects improved $16 8 billion buyout bid, open to higher offer

Sydney Airport rejects improved $16 8 billion buyout bid, open to higher offer
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Sydney Airport rejects improved $16 8 bln buyout bid, open to higher offer

Sydney Airport Holdings Pty Ltd (SYD.AX) on Monday rejected an improved A$22.80 billion ($16.81 billion) bid from a group of infrastructure investors, saying that it undervalued the airport operator, but that it was open to a higher offer.

Origin Energy slashes value of Australia s biggest coal-fired plant due to impact of cheap renewables | Business

Eraring’s financial performance has also been hurt by a spike in coal prices, which came despite long-term decline in the industry. Origin also cut the value of power purchase agreements by $995m due to lower electricity prices – which have hurt its profit margins on renewable energy – and lower domestic gas prices. Coal assets are under siege in the Australian market, despite expressions of support from seniorfigures in the Morrison government. In December the Japanese company Sumitomo wrote the value of Australia’s newest coal-fired power plant, Bluewaters, down to zero and in June the Queensland government warned that its state-owned plants would be unable to pay dividends within two years due to competition from cheap renewable power.

Stop order placed on first house being built under PNP s OT Fairclough Trust Fund

Stop order placed on first house being built under PNP s OT Fairclough Trust Fund
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.

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