IFM Investors and AustralianSuper Win Bidding for Ausgrid Lease
Posted on 10/20/2016
IFM Investors and AustralianSuper acquired a 50.4% ownership interest in a 99-year lease of Ausgrid, an electricity transmission and distribution business, for A$ 16.2 billion (US$ 12.4 billion). The seller was the New South Wales Government and will retain a 49.6% ownership interest in Ausgrid. Ausgrid powers around 1.7 million homes and businesses in New […]
- Ausgrid
- Australia
- AustralianSuper
- Cheung Kong Infrastructure
- China
- Energy
- Future Fund
- IFM Investors
- Infrastructure
- New South Wales
