News: DUE Hong Kong CKI makes $5.4 bln bid for Australian energy Duet Group

SYDNEY, Dec 5 (Reuters) - Hong Kong-listed Cheung Kong Infrastructure Holdings Ltd 1038.HK has made an A$7.3 billion ($5.44 billion) bid for Australian energy infrastructure owner Duet Group (DUE) , Duet said on Monday.

Duet said it had received an "an unsolicited, indicative, incomplete, non-binding and conditional proposal," offering A$3 per share in cash.

The offer represents a 27.7 percent premium to Duet's Friday closing price of A$2.35. ($1 = 1.3428 Australian dollars)