The Singapore flavour in AusNet's takeover sizzle
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IT MUST be hard for Singapore investors to watch the budding bidding war for Australia-listed AusNet Services without a tinge of sour grapes.
After all, the energy infrastructure company, which owns gas and power distribution grids in Victoria as well as all the state's transmission lines, had a secondary listing on the Singapore Exchange (SGX) for a good 16 years. It opted for a voluntary delisting in mid-2018.
AusNet had then said it wanted to cut administrative costs, simplify its processes and drive efficiency - all of which were in keeping with the "best interests of AusNet Services as a whole".
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