Hong Kong’s CLP Holdings has all but killed off hopes that it might list on the ASX in 2013. Perpetual has referred its bid for Trust Co to the ACCC; let’s see if rival suitor Equity Trustees can find an objection. Meanwhile, Goodman Fielder and Elders lit up the market yesterday, GPT Group has picked up some cash that could still end up in an Australand deal and Macqaurie’s hybrids have proved a hit.
CLP Holdings, EnergyAustralia
It’s becoming increasingly clear that Hong Kong’s CLP Holdings will not list its Australian business on the ASX this year, leaving the depressed local IPO industry to rely on other players for a spark.