Spark Infrastructure Group said on Tuesday it had agreed to let Canadian pension fund Public Sector Pension Investment Board to join a consortium that was looking to buy the Australian electricity infrastructure investor. The consortium, which includes private equity giant KKR & Co Inc and the Ontario Teachers’ Pension Plan Board (OTPP), had last month offered to buy the Australian electricity infrastructure investor for A$5.13 billion ($3.76 billion). Spark said it had allowed the revised consortium, that includes the Canadian fund, to continue conducting due diligence activities announced last month.
Click here to read the full article…