Australia formalises checks on foreign ownership of electricity assets amid growing Chinese influence
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
Updated: Friday, 20 Jul, 2018 8:47pm
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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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