UPDATE 1-Spark Infra says Canadian pension fund to join buyout consortium

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.