DUKE ENERGY ANNOUNCES AGREEMENT TO SELL COMPANY'S ASIA-PACIFIC ASSETS
CHARLOTTE, N.C. -- Duke Energy announced today it has executed a share sale agreement with Alinta Ltd. to purchase Duke Energy’s Asia-Pacific energy assets for US$1.238 billion (A$1.69 billion). The sale will include all of Duke Energy’s assets in
“In January, we announced a strategy to concentrate our international investment in the
“This sale will go a long way towards meeting our asset divestiture target for 2004, and will further strengthen the Duke Energy balance sheet.”
The company will be working with Alinta to finalize the transaction which is anticipated to close in the second quarter.
“This was a very competitive process and I am pleased that a strong player like Alinta will be taking the business forward,”
Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in