Spark Infrastructure

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Spark Infrastructure Group
Industry Investment fund
Founded2005
Headquarters Sydney, Australia
Website www.sparkinfrastructure.com

Spark Infrastructure Group is an Australian investment fund which owns and manages a portfolio of electricity infrastructure assets.

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

The 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]

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References

  1. "Warning over foreign sale of SA Power Networks". InDaily. 22 October 2021. Retrieved 25 August 2022.
  2. NNR (10 November 2020). "Spark Infrastructure Group". NewsnReleases. Retrieved 25 August 2022.
  3. "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.
  4. KKR-Led Group Inks $3.7 Billion Deal to Buy Australia’s Spark Bloomberg News 23 August 2021
  5. "KKR, Ontario Teachers' and PSP Investments Complete Acquisition of Spark Infrastructure" (Press release). Business Wire. 22 December 2021.