Policy & Regulation

Concerns raised over CKI bid for Australian pipeline operator APA

Australian Treasurer Scott Morrison has been asked to block a $9.8 billion bid by Hong Kong’s CK Infrastructure Holdings to buy APA Group.
By Staff reporter 5 July 2018 0 31624

Australian Treasurer Scott Morrison should block a $9.8 billion bid by Hong Kong’s CK Infrastructure Holdings (CKI) to buy APA Group, the biggest gas pipeline operator in Australia, The Australian newspaper reported Senator Rex Patrick as saying on Thursday.

“My strong view is that the sale of APA to CKI would be prejudicial to our national security interests, as it would further expand Chinese control of vital energy infrastructure,” Patrick wrote in an email to Morrison.