BEWG secures Australian growth platform

The purchase of Trility will give the Chinese group access to a mature contract portfolio with a high degree of revenue predictability. Not all the contracts are making money.

Beijing Enterprises Water Group has emerged as the successful bidder for Australian water project developer Trility, entering the fray with a chunky A$250 million (US$200 million) bid that values the business at around three times sales.

GWI understands that approval for the transaction has already been received from the Australian Foreign Investment Review Board, and that closing is expected...

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