PSP to join consortium looking to buy Spark Infra: Reuters

Spark Infrastructure Group has agreed to let Public Sector Pension Investment Board to join a consortium that was looking to buy the Australian electricity infrastructure investor.

Spark Infrastructure Group has agreed to let Canada’s Public Sector Pension Investment Board join a consortium that was looking to buy the Australian electricity infrastructure investor, Reuters reported. The consortium, which includes KKR and Ontario Teachers’ Pension Plan, had last month offered to acquire Spark for A$5.13 billion ($3.76 billion). Key terms and conditions for the buyout remain the same as those announced last month.

Read Reuters’ story here.