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Australia okays Alinta Energy's takeover by HK's Chow Tai Fook
Move comes after the HK conglomerate agreed last month to pay investors over A$4b for the Australian firm
Published Sun, Apr 23, 2017 · 09:50 PM
Melbourne
CHOW Tai Fook Enterprises, the Hong Kong conglomerate best known for its jewellery stores, has won Australian regulatory approval to acquire gas and electricity provider Alinta Energy Holdings.
The deal has been approved by the Foreign Investment Review Board and is subject to strict conditions, a spokeswoman for Treasurer Scott Morrison said on Sunday.
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