Foreign investors are in three of the four groups bidding for a A$9 billion ($6.5 billion) electricity network in Australia’s biggest state economy, underscoring the balancing act facing governments trying to get top price for assets amid mounting concerns about overseas ownership of vital infrastructure. State Grid Corp. of China, the nation’s largest power distributor, teamed with Macquarie Group Ltd.’s Infrastructure & Real Assets Fund to make a binding bid for New South Wales power-transmission company TransGrid, according to people with knowledge of the matter. AustralianSuper submitted an offer with Canada Pension Plan Investment Board and Borealis Infrastructure Management Inc.,...
↧