The Ausgrid headquarters in Sydney. Bids by Cheung Kong Infrastructure Holdings and State Grid Corporation of China for a 50.4 per cent stake in Ausgrid were rejected in 2016, on the recommendation of the Foreign Investment Review Board, for unspecified national interest concerns. Photo: Reuters
Australia formalises checks on foreign ownership of electricity assets amid growing Chinese influence
Sale of transmission and distribution assets to attract restrictions for foreign buyers
Topic |
Mergers & Acquisitions
The Ausgrid headquarters in Sydney. Bids by Cheung Kong Infrastructure Holdings and State Grid Corporation of China for a 50.4 per cent stake in Ausgrid were rejected in 2016, on the recommendation of the Foreign Investment Review Board, for unspecified national interest concerns. Photo: Reuters