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Sovereign Wealth Funds Briefing - Categorized | Investment

Adia consortium to invest A$10.3 billion in Australia’s TransGrid electricity network

Posted on 26 November 2015

A consortium including Abu Dhabi Investment Authority will invest A$10.3 billion (Dh27.42bn) in one of Australia’s biggest utilities. The deal involves a 99-year lease on the TransGrid electricity network in New South Wales. The winning group that took control of TransGrid was led by the Canadian pension fund Caisse de depot et placement du Quebec, which has a 25 per cent stake.
Adia, through its Tawreed Investments unit, has a 20 per cent stake. Meanwhile, Hastings Fund Management has 20 per cent, while Kuwaiti investors have 20 per cent and Spark Infrastructure has 15 per cent, according to the Australian government………………………………………..Full Article: Source


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