TransGrid’s $10.3b sale boosts grid

Original article by Angela Macdonald-Smith, Anthony Macdonald, Sarah Thompson
The Australian Financial Review – Page: 1 & 8 : 26-Nov-15

Spark Infrastructure and Hastings Funds Management are members of the international consortium that will acquire New South Wales-based TransGrid. Canada’s Caisse de depot et placement du Quebec and two Middle Eastern sovereign wealth funds hold the largest stakes in the winning consortium, which will pay $A10.3bn for the electricity transmission grid. Simon Mawhinney of Allan Gray says the consortium is paying a "full price" for TransGrid, although the sale price has been criticised by unions.

CORPORATES
TRANSGRID, SPARK INFRASTRUCTURE GROUP – ASX SKI, HASTINGS FUNDS MANAGEMENT LIMITED, CAISSE DE DEPOT ET PLACEMENT DU QUEBEC, ALLAN GRAY AUSTRALIA PTY LTD, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, NEW SOUTH WALES. THE TREASURY, ELECTRICAL TRADES UNION, UNITED SERVICES UNION, PORT OF NEWCASTLE, SYDNEY AIRPORT – ASX SYD, ELECTRANET SA, AUSTRALIANSUPER PTY LTD, QIC LIMITED, IFM INVESTORS PTY LTD, CHINA INVESTMENT CORPORATION, INFRASTRUCTURE PARTNERSHIPS AUSTRALIA, ENDEAVOUR ENERGY LIMITED, AUSGRID PTY LTD, ENERGY SUPPLY ASSOCIATION OF AUSTRALIA LIMITED, WESTPAC BANKING CORPORATION – ASX WBC

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