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Foreign bidders for lucrative Australian asset receive regulator approval

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SYDNEY, Nov. 23 (Xinhua) -- All four shortlisted bidders for a prized Australian power grid have been cleared by Australia's Foreign Investment Review Board (FIRB), in a partial privatization that is all but certain to come under intense political scrutiny. The final binding bids for the lucrative New South Wales state-government owned asset TransGrid, which owns the NSW electricity grid and fibre optic cable networks in NSW and the Australian capital territory,...

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