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

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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
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