Spark Infrastructure Explained

Spark Infrastructure Group
Industry:Investment fund
Foundation:2005
Location:Sydney, Australia
Homepage:www.sparkinfrastructure.com

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]

Notes and References

  1. Web site: 2021-10-22 . Warning over foreign sale of SA Power Networks . 2022-08-25 . InDaily . en.
  2. Web site: NNR . 2020-11-10 . Spark Infrastructure Group . 2022-08-25 . NewsnReleases . en-US.
  3. Web site: ASX welcomes Spark Infrastructure (SKICA) . Australian Stock Exchange . 16 December 2005 . 21 August 2007 . https://web.archive.org/web/20070929105738/http://www.asx.com.au/about/pdf/listing/media_release_listing_skica.pdf . 29 September 2007.
  4. https://www.bloomberg.com/news/articles/2021-08-22/kkr-led-group-said-to-near-deal-for-australia-s-spark KKR-Led Group Inks $3.7 Billion Deal to Buy Australia’s Spark
  5. KKR, Ontario Teachers' and PSP Investments Complete Acquisition of Spark Infrastructure . 22 December 2021 . Business Wire.