YTL Power to gain RM2.2bil gain on disposal of 33.5% stake in ElectraNet

YTL Power group managing director Datuk Yeoh Seok Hong

KUALA LUMPUR: YTL Power International Bhd has divested its 33.5% stake in ElectraNet Pty Ltd in Australia to Australian Utilities Pty Ltd as trustee of Australian Utilities Trust for A$1.026bil (approximately RM3.075bil).

YTL Power will realise a gain on disposal of approximately RM2.215bil upon completion of the transaction.