Group beats Chinese rival, to pay US$7.5bil for the asset
SYDNEY: A group of Australian, Canadian and Middle Eastern firms will pay A$10.3bil (US$7.5bil) for an Australian electricity network as part of the country’s biggest privatisation programme, beating a Chinese government bidder.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!