aed sinopec joint venture...60pct sinopec, page-39

Hrrrm... Shouldn't that be AED has a 40% equity of an enterprise value of $A1 billion... or about $A400 million. In addition to $600 million cash of which $A350 million will be used to retired debt. Leaving AED with a value of $A650 million or based on 155 million shares on issue at $A4.19 ps (at given 100% value).

And do we know exactly how much debt AED is in? I thought it was about $200 million thereabouts.

Anyway the whole weekend to work this one out.