Alinta Energy (ASX:AEJ) Received a Number of Bids

Sydney, June 23, 2010 AEST (ABN Newswire) - Alinta Energy Group (ASX:AEJ), formerly known as Babcock & Brown Power, said it has received a number of indicative, non-binding, confidential bids while the power generator is in the process of the restructure of its finance facilities. These bids include bids for both whole of business and parts of the business.

Shares in Alinta surged approximately 20 per cent on Wednesday after sources unveiled that a consortium comprising Origin Energy (ASX:ORG), APA Group (ASX:APA) and Japan's Marubeni Corp (TYO:8002) has emerged as a key bidder for Alinta. French energy giant GDF Suez (EPA:GSZ) and BHP Billiton Ltd (ASX:BHP) were also reported as possible rival bidders.

Alinta says no decision has been made on whether any of these options will be pursued while it continues to assess deleveraging options for its business, including asset sale and capital management options.

Contact

Michelle Liang Asia Business News Asia Bureau Tel: +61-2-9247-4344 Email: michelle.liang@abnnewswire.net