Little Impact to our FVE from APA Deal Rejection, CK Infrastructure and Power Assets Still Cheap
While the bid cleared competition watchdog hurdles, Australia’s Treasurer has indicated he is likely to block the CK Infrastructure, CK Asset, and Power Assets Holdings joint-bid for gas transmission company APA Group. The final decision will be made in two weeks and unless the group is able to provide assurances or tweak the deal to appease security concerns that too many of the key gas pipelines are in foreign hands, the rejection is a sure thing. As mentioned previously, we have a neutral vie...CK Infrastructure Holdings and its subsidiaries are engaged in the development, investment and operation of infrastructure businesses in Hong Kong, Mainland China, the U.K., the Netherlands, Australia, New Zealand and Canada. Through its subsidiaries, Co. is engaged in investment holding; production and laying of asphalt; manufacturing, sale and distribution of cement and property investment; financing; treasury; and waste management servicce. Through its principal associates, Co. is engaged in investment in power and utility-related businesses, and electricity distribution.
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