from AFR Stockbroker Canaccord Genuity was in the market on Thursday, seeking to offload a $61 million slice of shares in Infigen Energy on behalf of Canadian giant Brookfield. The 86 million shares were on offer at 71¢ apiece, reflecting an 11 per cent discount to the last close. Canada's Brookfield has sold out of the country's largest wind power producer. The mooted trade followed a competitive auction on Wednesday between Canaccord and Morgan Stanley which saw Brookfield ask the brokers to test investor appetite for the block and submit their best price. It also comes less than two years after Brookfield bought the 9 per cent stake from shareholder Vijay Sethu and his ally Lim Chee Meng, who had opposed Infigen's $605 million debt refinancing and sought to requisition an extraordinary general meeting.
IFN Price at posting:
68.8¢ Sentiment: Buy Disclosure: Held
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