CK Infrastructure to Sell EDL Energy Control Stake Valued at A$2-3 Billion
CK Infrastructure has appointed Morgan Stanley and Barclays to sell its controlling stake in Australian distributed energy producer EDL Energy, valued at A$2 billion to A$3 billion. First-round non-binding bids are due by September, with a target to sign a deal by end-2025. The assets include 54 facilities with 836 MW capacity, generating A$690 million revenue and A$270 million EBITDA in 2025. The sale would be the Li Ka-shing family's largest Australian disposal in recent years. CK Infrastructure has not publicly commented.
CK Infrastructure has appointed Morgan Stanley and Barclays to launch the sale of a controlling stake in EDL Energy, an Australian sustainable distributed energy producer. If the deal is completed, it would become the largest asset disposal by the Li Ka-shing family in Australia in recent years.
The sale process has entered the expression-of-interest stage, with preliminary sale materials distributed to multiple global private equity firms and infrastructure investors. Bidders are required to submit non-binding indicative offers before September. CK Infrastructure plans to complete the shortlisting of indicative offers in the third quarter and aims to formally sign a transaction agreement by the end of 2025.
EDL Energy is primarily engaged in clean and renewable electricity, renewable natural gas, and distributed energy in remote areas, with long-term clients including Glencore and Rio Tinto. The asset was acquired in 2017 when CK Infrastructure privatised Australian energy group DUET Group for A$7.4 billion. The assets for sale comprise 54 energy facilities with a total installed capacity of 836 MW, of which 695 MW are in Australia, 130 MW in the United States, and 11 MW in Canada. A small number of minor assets in the UK and Europe are not included in the sale. After management adjustments in 2025, the company generated revenue of A$690 million and EBITDA of approximately A$270 million.
Since the second half of 2025, the CK Group has completed three infrastructure asset disposals in the UK market, involving train leasing, electricity networks, and telecommunications businesses, collectively recovering approximately HK$167.2 billion. As of the time of this report, CK Infrastructure has not made a public statement regarding the planned sale of EDL Energy.