Deals
Abu Dhabi Said to Join Bidding Group for Australian Power Assets
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Abu Dhabi Investment Authority joined a group including Hastings Funds Management Ltd. and Spark Infrastructure Group that is planning a bid for Australian electricity assets, people with knowledge of the matter said.
Canada’s Caisse de Depot et Placement du Quebec and an arm of Kuwait Investment Authority are also part of the consortium, said the people, who asked not to be identified as the information is private. IFM Investors Pty is planning a bid with QIC Ltd. for the assets in New South Wales state, while Macquarie Group Ltd.’s Macquarie Infrastructure and Real Assets arm is also weighing an offer, two people said.