Published: November 07, 2018
Treasurer tells CK Group he plans to prohibit its acquisition of APA Group on ‘national interest’ grounds
The Morrison government plans to block a Hong Kong-based consortium’s purchase of Australia’s largest gas transmission system on “national interest” grounds.
Treasurer Josh Frydenberg made the announcement on Wednesday, saying he has told CK Group of Hong Kong that he plans to prohibit its $13bn acquisition of APA Group, the owner of 15,000 km of gas pipelines in Australia.
Continue reading...from The Guardian https://ift.tt/2AQ3SgD
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