Spark Infrastructure Group is an Australian

investment fund An investment fund is a way of investment, investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These ad ...

which owns and manages a portfolio of electricity infrastructure assets. Spark's principal investments are 49% stakes in both SA Power Networks and Victoria Power Networks; as well as a 15% stake in the NSW Power Networks consortium given the concession for TransGrid, the high-voltage transmission system for

New South Wales New South Wales (commonly abbreviated as NSW) is a States and territories of Australia, state on the Eastern states of Australia, east coast of :Australia. It borders Queensland to the north, Victoria (state), Victoria to the south, and South ...

History

The company debuted on the Australian Securities Exchange on 16 December 2005 with the stock symbol SKICA representing an instalment receipt with a final instalment due in March 2007 when the instalment receipts were transferred for SKI shares. In August 2021, a takeover bid from KKR, Ontario Teachers' Pension Plan and Public Sector Pension Investment Board was accepted by the

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

. It was subject to shareholder approval. The acquisition completed in December 2021 and its stock was delisted.

References

{{S&P/ASX 200 Electric power companies of Australia Companies formerly listed on the Australian Securities Exchange Australian companies established in 2005 Companies based in Sydney Investment companies of Australia 2021 mergers and acquisitions Kohlberg Kravis Roberts companies