Daniel Kemp
Treasurer Josh Frydenberg said the move should not be seen as an ‘adverse reflection’ on CK Group and that Australia still welcomes foreign investment that is not ‘contrary to our national interest’.
The Australian funds manager ups its total share in the project to 16.5 percent in a deal worth approximately $72m.
Commonwealth Bank of Australia is selling the asset manager in a separate transaction from the planned demerger of its wealth management businesses.
The $67bn Australian superannuation fund has pursued a hybrid investment strategy since appointing Mark Hector as portfolio manager in 2014. After deploying its largest equity cheque, we find out what the future holds.
A survey of 33 global investors is a ‘canary in the mine shaft’ for investor confidence in the Australian infrastructure market.
The two investors are sharing the equity on a 60-40 split for the 36MW facility south of Perth.
CIO Sam Sicilia says the superannuation fund will consider non-core and infra-like assets, but only on a case-by-case basis.
The Australian manager takes a big step towards its $3bn target amid a record year for fundraising.
Wholesale energy retailer Flow Power will purchase 50MW of Sapphire’s 270MW capacity per year on a ‘10- to 12-year’ power-purchase agreement.
The mechanism will be debated at a meeting of state energy ministers this month, but emissions-reduction component will be absent.