Spark Infrastructure Group is an Australian investment fund which owns and manages a portfolio of electricity infrastructure assets.
Spark's principal investments are 49% stakes in both SA Power Networks and Victoria Power Networks;[1] 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.[2]
History
The company debuted on the Australian Securities Exchange on 16 December 2005 with the stock symbol SKICA[3] representing an instalment receipt with a final instalment due in March 2007 when the instalment receipts were transferred for SKI shares.
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 was subject to shareholder approval.[4] The acquisition completed in December 2021 and its stock was delisted.[5]
References
- Warning over foreign sale of SA Power Networks InDaily, 2021-10-22, retrieved 2022-08-25^
- NNR. Spark Infrastructure Group NewsnReleases, 2020-11-10, retrieved 2022-08-25^
- ASX welcomes Spark Infrastructure (SKICA) Australian Stock Exchange, 16 December 2005, 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 22 December 2021^