News: PEA Australia's Pacific Energy suitor matches rival's $320 million bid

Sept 13 (Reuters) - Australian power producer Pacific Energy Ltd (PEA) said on Friday that suitor QIC Private Capital had raised its initial bid to match a rival consortium's recent offer for the company.

In the sweetened offer, a unit of QIC proposed to pay A$1.085 per Pacific share, Pacific said in a statement. That values the company at about A$466.7 million ($320.9 million),

The offer matches what a consortium comprising Australian fund manager Infrastructure Capital Group and Canada's OPTrust offered to pay for Pacific earlier this week.