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Australia's Endeavour Energy power grid sold to Macquarie-led consortium - source

Published 11/05/2017, 11:25 am
© Reuters. Australia's Endeavour Energy power grid sold to Macquarie-led consortium - source
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SYDNEY, May 11 (Reuters) - Australian power grid Endeavour Energy has been sold to a consortium led by Macquarie Group MQG.AX , a source familiar with the matter said on Thursday.

The majority stake in Endeavour sold by the New South Wales government was expected to fetch at least A$4 billion ($2.94 billion). The final price would be disclosed when the transaction was formally announced, said the source, who was not authorised to speak publicly about the matter.

($1 = 1.3617 Australian dollars)

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