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Spark Infrastructure Group is an Australian investment fund which owns and manages a portfolio of electricity infrastructure assets.
 | |
| Industry | Investment fund |
|---|---|
| Founded | 2005 |
| Headquarters | Sydney, Australia |
| Website | www.sparkinfrastructure.com |
Spark's principal investments are 49% stakes in both SA Power Networks and Victoria Power Networks;[1] as well as a 15% stake in the NSW Power Networks consortium given the concession for TransGrid, the high-voltage transmission system for New South Wales.[2]
History
editThe company debuted on the Australian Securities Exchange on 16 December 2005 with the stock symbol SKICA[3] representing an instalment receipt with a final instalment due in March 2007 when the instalment receipts were transferred for SKI shares.
In August 2021, a takeover bid from KKR, Ontario Teachers' Pension Plan and Public Sector Pension Investment Board was accepted by the board of directors. It was subject to shareholder approval.[4] The acquisition completed in December 2021 and its stock was delisted.[5]
References
edit- ^ "Warning over foreign sale of SA Power Networks". InDaily. 22 October 2021. Retrieved 25 August 2022.
- ^ NNR (10 November 2020). "Spark Infrastructure Group". NewsnReleases. Retrieved 25 August 2022.
- ^ "ASX welcomes Spark Infrastructure (SKICA)" (PDF). Australian Stock Exchange. 16 December 2005. Archived from the original (PDF) on 29 September 2007. Retrieved 21 August 2007.
- ^ KKR-Led Group Inks $3.7 Billion Deal to Buy Australia’s Spark Bloomberg News 23 August 2021
- ^ "KKR, Ontario Teachers' and PSP Investments Complete Acquisition of Spark Infrastructure" (Press release). Business Wire. 22 December 2021.