Philippines' Ayala unit makes $535m bid for Australia's Infigen Energy

Philippines' Ayala unit makes $535m bid for Australia's Infigen Energy

Renewable energy/Illustration/ Internet Archive

A company part-owned by a unit of Philippine conglomerate Ayala Corp said on Wednesday it will bid for Australian renewable energy company Infigen Energy in a takeover offer valuing it at about A$777 million ($535 million).