Ah Alinta.
1. Originally owned by Sandgropers as part of the State Energy Commission of WA.
2. Split off from electricity in January 1995.
3. Listed on the ASX in 2000.
4. Bought by Singapore Power and Babcock and Brown in 2007.
5. Bought by a Hong Kong company in 2017.
And the electricity side of the old SECWA almost suffered a similar fate until the weekend's election. Why are Aussies so keen to privatize and then sell off the farm? Greed or ideology?
As so many posters have written (Ozblue being one of the foremost), PLS shareholders must do their utmost to prevent another "farm" being sold to overseas interests. I keep going on about it, but I owned shares in Sons of Gwalia which owned Greenbushes before it went bust. I lost my money, but that does not hurt anywhere near as much as knowing that the profits from Greenbushes go overseas instead of being ploughed back into the Australian economy.
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