MELBOURNE: State-run Singapore Power Ltd has purchased the Australian assets of US power producer TXU Corp for more than A$5bil (US$3.7bil), banking sources involved in the sale said yesterday.
“It's been agreed on price and it's been signed and it will be announced before the open of trade in New York,” a source said. He declined to give a precise purchase price but said it was in excess of A$5bil.
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