CANBERRA: CK Group’s A$13bil (US$9.4bil) bid for gas pipeline operator APA Group was knocked back by Australia’s government on national security concerns, a decision that has the potential to further inflame diplomatic tensions with China.
“I have advised the consortium led by CK Asset Holdings Ltd of my preliminary view that its proposed acquisition of APA Group would be contrary to the national interest,” Treasurer Josh Frydenberg said in a statement.
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