Australia's QIC to acquire power station firm Pacific Energy for $294m

Photo from Pacific Energy's website.

Queensland Investment Corporation (QIC), one of Australia’s largest investment managers, has agreed to acquire power station company Pacific Energy for A$422 million ($294 million), according to a regulatory filing.

The transaction will be carried out by QGIF Swan Bidco Pty Ltd, a subsidiary of funds managed or advised by QIC, Pacific Energy said in a disclosure to the Australian Securities Exchange.

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