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Australia rejects CKI’s APA takeover bid

Treasurer Josh Frydenberg confirmed his ‘final decision’ that the takeover would be ‘contrary to the national interest’.

European Court of Justice delivers ‘very damaging’ verdict for UK storage projects

The nation’s capacity market auctions have been ruled illegal state aid, throwing several gas and battery storage projects into doubt.

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.

Second time’s a charm for First State in €189m Swedegas deal

The group, which was an underbidder in EQT’s 2015 sale, has now succeeded in acquiring the transmission system operator, its second Swedish gas investment since March.

Investors ‘despair’ as Australia’s PM ditches emissions reduction target

The government could also support new coal-fired power stations as PM Malcom Turnbull gives in to pressure from MPs within his own party.

Australian gas pipeline group APA accepts CKI’s $9.5bn takeover offer

The Hong Kong giant’s bid is subject to approvals from the FIRB and the ACCC regarding foreign investment and competition concerns, which could force a divestment of assets.

High Australian electricity prices here to stay, report says

The Grattan Institute finds a correction from the historic oversupply in Australia’s energy market will ensure high wholesale prices will remain for a long time.

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.

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