Chow Tai Fook Enterprises (CTFE), best known for retail arm Chow Tai Fook Jewellery Group, has agreed to buy all of Australian utilities Alinta Energy for around A$4 billion (US$3.1 billion). Photo: Sam Tsang

Hong Kong’s Chow Tai Fook buys Australia’s Alinta Energy for US$3.1bn

Alinta, owned by group of hedge funds and private equity, including TPG Capital, operates 1,800 MW of generation capacity in Australia and New Zealand

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Chow Tai Fook Enterprises (CTFE), best known for retail arm Chow Tai Fook Jewellery Group, has agreed to buy all of Australian utilities Alinta Energy for around A$4 billion (US$3.1 billion). Photo: Sam Tsang
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Eric Ng

Eric Ng

Eric joined the SCMP in 1998 after brief stints in a trading company and translation and editing roles at Dow Jones and Edinburgh Financial Publishing. He has close to 20 years of experience covering China's energy, mining and industrial materials sectors, and has recently added biotechnology to his coverage. Eric has a Masters of Business Administration degree.