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Singapore Power, Babcock & Brown May Bid for Alinta
 
Singapore Power Ltd. plans to join Babcock & Brown Ltd. in a A$9 billion ($7 billion) bid for Alinta Ltd., Australia's biggest energy transmission company, said three people familiar with the transaction.

Singapore Power and Sydney-based Babcock may submit their offer for Perth-based Alinta on March 12, said the people, asking not to be identified before an official announcement. Banks were invited to lend state-run Singapore Power's half of the bid amount, they said. Babcock will get loans for its portion in Australia. Alinta shares jumped 4.5 percent.

Monday 5 March, 2007 02:48 PM
 
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