Brookfield secures FIRB approval for AusNet takeover
Elouise FowlerReporter
Canadian asset manager Brookfield is one step close to taking over AusNet Services, clearing the Foreign Investment Review Board on Friday after the federal government declared it had no objection to the proposed $17.8 billion acquisition.
The deal between AusNet and Brookfield must now gain shareholder and court approval, and if successful, is expected to close by March 2022.
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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
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