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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Abu Dhabi-backed consortium in $7bn Australian utilities deal

Posted on 27 November 2015

A consortium including Abu Dhabi Investment Authority (ADIA) is to invest A$10.3 billion ($7 billion) in one of Australia’s biggest utilities networks. Under the deal, the NSW Electricity Networks (NSWEN) consortium will take a 99-year lease on the TransGrid electricity network in New South Wales.
NSWEN is led by Canadian pension fund CDPQ (Caisse de dépôt et placement du Québec), which has a 25 percent stake, and also includes Tawreed Investments – a wholly-owned subsidiary of ADIA; Spark Infrastructure, Hastings Funds Management (which is manager of the Utilities Trust of Australia), and Wren House Infrastructure Management, a wholly owned investment vehicle of the Kuwait Investment Authority (KIA)………………………………………..Full Article: Source


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