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Global group wins A$10.3b bid for Australia power assets

Successful bidders for TransGrid beat rival offers from companies including State Grid Corp of China

Sydney

INVESTORS from Canada and the Middle East are part of a group that agreed to pay about A$10.3 billion (S$10.5 billion) for an electricity network in Australia's most-populous state, beating rival offers from companies including State Grid Corp of China.

The successful

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