QIC to acquire Pacific Energy for AUD 422 million

Queensland Investment Corporation (QIC) agreed to buy Perth-based Pacific Energy, a provider of remote power to mine sites, for AUD 422 million in cash.

“QIC will buy Pacific Energy, which provides power to remote mine sites and operates renewable energy power stations, via a scheme of arrangement, paying 97.5¢ per share in cash including a 1.5¢ fully franked dividend.”perennial.net.au

• 1 source
• perennial.net.auQIC diversifies into remote power with $422m Pacific Energy buy | Perennial PartnersPerennialJul 25, 2019

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