Spark Infra agrees to $3.7bn buyout by KKR-led group: Reuters

Australia's Spark Infrastructure Group has agreed to a $3.71 billion takeover by a consortium that includes KKR & Co and two Canadian pension funds.

Australia’s Spark Infrastructure Group has agreed to a A$5.2 billion ($3.71 billion) takeover by a consortium that includes private equity giant KKR & Co and two Canadian pension funds, Reuters reported. The consortium had made a third offer of A$2.95 per share for the electricity infrastructure investor in July. Earlier this month, it also roped in Public Sector Pension Investment Board to join KKR and Ontario Teachers’ Pension Plan.

Read Reuters‘ story here.