MELBOURNE: Genting Bhd has offered around A$3.5bil for Australia's Loy Yang power station, as a rival bidder blocked by an anti-trust ruling said it would challenge the ruling in court.
Genting said yesterday it had lodged a bid similar to the A$3.5bil offer from a consortium led by Australia's biggest energy retailer, Australian Gas Light Co (AGL), which was rejected by the competition watchdog for a second time last week.
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