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State Grid obtains Australian Approval for its proposed investments in SP AusNet and SPIAA

 

State Grid Corporation of China (State Grid) today welcomed the announcement by the Treasurer of the Commonwealth of Australia, Joe Hockey, that he had conditionally approved the application from State Grid International Development Limited (SGID), a wholly-owned subsidiary of State Grid, to acquire from Singapore Power International Pte Ltd (SPI) 19.9% of the stapled securities in SP AusNet, and 60% of the shares in SPI (Australia) Assets Pty Ltd (SPIAA), by way of separate transactions.

 

It is an important step for State Grid to complete the proposed investments in SP AusNet and SPIAA. State Grid is committed to ensuring that the SP AusNet and SPIAA assets continue to be operated safely, securely and sustainably.

 
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