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Australia: We welcome Chinese investments despite concerns about a pending deal

“Australia remains open to Chinese investments regardless of whether Canberra blocks an acquisition of a major energy company by a Hong Kong-led consortium, Australian Treasurer Josh Frydenberg told CNBC on Friday” writes Nyshka Chandran for cnbc.com. The company holds approximately $20 billion of energy assets and delivers half the nation’s natural gas usage, according to the company.”APA is a unique company, with more than 50 percent of the gas transmission business in Australia, more than 15,000 pipelines supplying gas and electricity into key markets,” he added.Speaking to CNBC on Friday, Frydenberg said his preliminary view was “not about a particular company or country.”. Earlier this year, a consortium led by Hong Kong property developer CK Infrastructure — owned by billionaire Li Ka-shing — offered a $9.4 billion takeover bid for APA Group, Australia’s leading energy infrastructure business.
 
Source: cnbc.com



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