Sydney

Global Group wins $7.5b bid for Aussie power assets

Sydney: Investors from Canada and the Middle East are part of a group that agreed to pay about 10.3 billion Australian dollars (Dh27.43 billion, $7.5 billion) for an electricity network in Australia’s most- populous state, beating rival offers from companies including State Grid Corp of China. The successful bidders for TransGrid, the New South Wales state transmission business, are Caisse ...

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