Global Group Wins $7.5 Billion Bid for Aussie Power Assets

Updated on
  • Investors include Canada pension fund, Abu Dhabi authority
  • New South Wales government is raising money for new projects

Investors from Canada and the Middle East are part of a group that agreed to pay about A$10.3 billion ($7.5 billion) for an electricity network in Australia’s most-populous state, beating rival offers from companies including State Grid Corp. of China.

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