Spark Infrastructure
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Industry | Investment fund |
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Founded | 2005 |
Headquarters | Sydney, Australia |
Key people | Rick Francis MD & CEO |
Website | www.sparkinfrastructure.com |
Spark Infrastructure Group is an Australian investment fund which owns and manages a portfolio of electricity infrastructure assets. The company was listed on the Australian Securities Exchange between December 2005 and December 2021 with the stock symbol SKICA[1] representing an instalment receipt with a final instalment due in March 2007 when the instalment receipts were transferred for SKI shares.
Spark's principal investments are 49% stakes in both SA Power Networks and Victoria Power Networks; 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.
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 is subject to shareholder approval.[2] The acquisition completed in December and its stock was delisted.[3]
References[]
- ^ "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.
- Electric power companies of Australia
- Companies formerly listed on the Australian Securities Exchange
- Australian companies established in 2005
- Companies based in Sydney
- Investment companies of Australia
- 2021 mergers and acquisitions