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Natural gas distributor Envestra Limited (ASX:ENV) has received a $2.37 billion takeover bid from Li Ka-shing’s, Cheung Kong company.
The company already owns 17.5 per cent of Envestra and wants to buy the remainder for $1.32 per share.
The offer is a premium on Envestra’s last trading price of $1.13 and it trumps a recent $2 billion offer made by APA.
The takeover is conditional on approval from Australia’s Foreign Investment Review Board.
Envestra reported a net profit of $87.1 million in the 2014 financial year.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.05M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $38.76K | 5.784M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 53559780 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 9989961 | 14 |
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| Last trade - 15.56pm 19/09/2025 (20 minute delay) ? |
| ENV (ASX) Chart |