Chow Tai Fook Said to Hire Banks for Possible Alinta Stake Sale

Hong Kong billionaire Henry Cheng’s Chow Tai Fook Enterprises Ltd. has hired advisers as it considers options for Alinta Energy Pty, according to people familiar with the matter.

The deliberations include possibly selling a stake in the Australian electricity supplier, the people said, asking not to be identified discussing private information.

“The company is exploring cooperation and co-investment opportunities with potential partners,” an Alinta Energy spokesperson said in response to a query from Bloomberg News, adding that opportunities are always being considered to support growth, including investment in renewable energy projects.

Discussions are at an early stage and ...