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Business deals

Philippines' Ayala fights to take over Australia's Infigen Energy

Bidding war with Spain's Iberdrola heats up for renewables company

Australia-listed Infigen Energy owns and operates 670 megawatts of wind farm, gas, battery and other contracted assets.   © Reuters

MANILA -- Philippine conglomerate Ayala Corp. and Spanish utility giant Iberdrola entered a bidding war on Monday for Australian renewable power purveyor Infigen Energy.

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