IFM Investors and AustralianSuper Win Bidding for Ausgrid Lease

IFM Investors and AustralianSuper acquired a 50.4% ownership interest in a 99-year lease of Ausgrid, an electricity transmission and distribution business, for A$ 16.2 billion (US$ 12.4 billion). The seller was the New South Wales Government and will retain a 49.6% ownership interest in Ausgrid. Ausgrid powers around 1.7 million homes and businesses in New South Wales.

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