State Grid of China almost certainly will not sell its stake in AusNet Services because the government would never again give China approval to buy such a strategic piece of critical infrastructure, according to Scott Morrison’s former foreign investment adviser.
The anticipated unwillingness of China to sell its 20 per cent stake in the Victorian electricity transmission and gas network owner complicates the $17 billion bidding war for AusNet between APA Group and Brookfield.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
