aet&d sale process (for ex-beppa holders)

I recently sent an email to Patrick Boocock at Brookfield Asset Management to enquire as to the progress of the AET&D sale process. My email and a copy of the reply are below.


~*~*~*~*~ Email (Sent on 16 Nov 2010) ~*~*~*~*~

Dear Patrick,

Is there any new information relating to the AET&D sale process?

Of obvious interest are:

• Have bids been received?


• If so, from whom and for what?


• What is the total valuation of AET&D assets according to bids received?


• What is the timetable for completion of the sale process?

I understand that many aspects of the process will be commercial in confidence, however any information you are able to share would be appreciated.




~*~*~*~*~ Reply (Received 18 Nov 2010) ~*~*~*~*~

We received a number of indicative offers as part of our Stage 1 sales process and plan to commence Stage 2 shortly.

Although we have not yet locked down dates, we envisage receiving binding bids sometime in February. As you can appreciate we are trying to manage the process as confidentially as possible so are unable to comment on pricing at this time.


As you can see, not a lot of new information here, except for the timing. I held 1 million BEPPA at conversion so a good outcome would make the wife very happy!

If anybody else has further information please share...

cheers (hopefully!)

svdm