Home Competition

competition

Letting them down gently

Australia deciding to block a Chinese purchase of a national asset is not new – but its decision to block CK Infrastructure’s bid for APA Group feels different.

Australia set to block China’s CK Infra from APA Group takeover

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’.

CK Infra clears first hurdle for APA Group bid

The deal would see CKI sell a number of APA’s assets in Western Australia but is still subject to Foreign Investment Review Board approval.

Why IFM is not the only loser in WestConnex bid

The Australian competition watchdog’s decision not to block Transurban’s offer cements the listed toll road operator’s position as the dominant player in the NSW market.

Transurban clinches Australia’s last big privatisation with $6.7bn WestConnex bid

The consortium led by the toll-road operator – including Australian Super, CPPIB and Tawreed – beat competition from an IFM-led team, as Transurban gains control of 16 of the country’s 20 toll roads.

Australian competition watchdog clears Transurban’s WestConnex bid

The ACCC gives the green light to a consortium led by the toll road operator acquiring a 51% stake in Sydney Motorway Corporation, but the listed firm will have to publish data from existing concessions to level the playing field.

Transurban to battle IFM for Australia’s last big privatisation

To meet today's deadline, the Transurban-led team had to submit a conditional bid for WestConnex without knowing if it will receive clearance from the competition watchdog in September.

Transurban’s WestConnex bid in turmoil as NSW sticks to deadline

The government’s decision to keep a 23 July bid deadline for the sale of Sydney Motorway Corp would require Transurban to submit before the competition watchdog issues its ruling on the move in September.

Australian competition watchdog delays decision on Transurban’s WestConnex bid

The ACCC’s continued competition concerns and the postponement of its decision until September could also delay the sale process of the toll road operator, with final bids due on 23 July.

Australian investors weighing up rival APA Group bid

A local bid for Australia’s largest natural gas pipeline company would face fewer regulatory hurdles than the current $9.8bn offer from Hong Kong’s CK Infrastructure. But the size of the equity cheque required is proving daunting for local investors and GPs.

Copyright PEI Media

Not for publication, email or dissemination