KUALA LUMPUR: YTL Power International Bhd
's disposal of associate ElectraNet could be a positive move for the utilities provider as it nets a sizeable disposal gain of RM2.2bil, which can be utilised for future expansion and investments.
The group announced yesterday it had entered into a share purchase agreement with Australian Utilities Pty Ltd to dispose of its entire 33.5% equity stake in ElecraNet and its corresponding shareholder loan notes for A$1.03bil (RM3.06bil).
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