Street Talk

Abu Dhabi sovereign wealth fund Adia to sell $2b-plus Transgrid stake

Sarah Thompson, Kanika Sood and Emma Rapaport

Updated Apr 17, 2025 – 1.17pm, first published at 7.34am

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NSW electricity transmission company Transgrid has already been at the centre of two major ownership shake-ups this year. Now, a third is looming.

Weeks after Canadian pension giant OMERS sold a portion of its holding to Australia’s sovereign wealth fund, Future Fund, Street Talk understands Abu Dhabi Investment Authority’s Tawreed Investments is preparing to offload its entire 19.99 per cent position.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.