Hi TraderSam & Surandy70,With regards to KEY allocating a bunch...

Hi TraderSam & Surandy70,

With regards to KEY allocating a bunch of shares to AEX for a chunk of Nyuni. I don't think this is a likely chance due to the fact that co's usually farm down projects to re-allocate specific project risk in order to get a better risk-profile for the co.

If AEX accept KEY equity in order to farm down, then it won't really diversify AEX's risk profile due to KEY already partnering them on KN-1, WSS etc. So with respect to this region KEY/AEX have the same risk exposures. AEX will just be transferring direct risk to the region to risk to the region through KEY equity.

However, if they are all gungho on the project and just want to share costs then the plan could be a goer.

Choice