foreign ownership

CANBERRA, Australia | Australia to block Chinese $9 billion energy takeover bid

CANBERRA, Australia — The Australian government has warned it intends to block a Hong Kong and Chinese consortium’s 13 billion Australian dollar ($9 billion) takeover bid for an energy infrastructure company because it conflicts with Australia’s national interest. CK Consortium needs approval of Australia’s Foreign Investment Review Board to take over APA Group, which owns … Continue reading CANBERRA, Australia | Australia to block Chinese $9 billion energy takeover bid