Spark Infrastructure
{{Verification|date=August 2022}}{{Short description|Australian public company}}
{{Use Australian English|date=May 2012}}
{{Use dmy dates|date=January 2020}}
{{Infobox company
| name = Spark Infrastructure Group
| logo = Spark Infrastructure Group logo.png
| logo_size = 250px
| type =
| traded_as =
| industry = Investment fund
| foundation = 2005
| location = Sydney, Australia
| key_people =
| parent =
| homepage = [http://www.sparkinfrastructure.com www.sparkinfrastructure.com]
}}
Spark Infrastructure Group is an Australian investment fund 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;{{Cite web |date=2021-10-22 |title=Warning over foreign sale of SA Power Networks |url=https://indaily.com.au/news/2021/10/22/warning-over-foreign-sale-of-sa-power-networks/ |access-date=2022-08-25 |website=InDaily |language=en}} 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.{{Cite web |last=NNR |date=2020-11-10 |title=Spark Infrastructure Group |url=https://newsnreleases.com/2020/11/10/spark-infrastructure-group/ |access-date=2022-08-25 |website=NewsnReleases |language=en-US}}
History
The company debuted on the Australian Securities Exchange on 16 December 2005 with the stock symbol SKICA{{cite web
| title = ASX welcomes Spark Infrastructure (SKICA)
| publisher = Australian Stock Exchange
| date = 16 December 2005
| url =http://www.asx.com.au/about/pdf/listing/media_release_listing_skica.pdf
| accessdate =21 August 2007 |archiveurl = https://web.archive.org/web/20070929105738/http://www.asx.com.au/about/pdf/listing/media_release_listing_skica.pdf |archivedate = 29 September 2007}} 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. It was subject to shareholder approval.[https://www.bloomberg.com/news/articles/2021-08-22/kkr-led-group-said-to-near-deal-for-australia-s-spark KKR-Led Group Inks $3.7 Billion Deal to Buy Australia’s Spark] Bloomberg News 23 August 2021 The acquisition completed in December 2021 and its stock was delisted.{{cite press release |url=https://www.businesswire.com/news/home/20211221005823/en/KKR-Ontario-Teachers%E2%80%99-and-PSP-Investments-Complete-Acquisition-of-Spark-Infrastructure |title=KKR, Ontario Teachers' and PSP Investments Complete Acquisition of Spark Infrastructure |date=22 December 2021 |agency=Business Wire}}
References
{{Reflist}}
{{S&P/ASX 200}}
Category:Electric power companies of Australia
Category:Companies formerly listed on the Australian Securities Exchange
Category:Australian companies established in 2005
Category:Companies based in Sydney
Category:Investment companies of Australia