Coastal's power play clouds

Coastal may be attacking the Billabong board but it is fending off attacks on its other major Australian investment, Redbank Energy.

It may be gaining headlines on its daring Billabong play, but the brains trust behind Coastal Capital is nursing serious problems in its other major Australian exposure.

In 2011, Coastal snapped up an 18% stake in Alinta Energy in an effort to stymie TPG's ambitions to hoover up the power company's  assets.

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