By James Panichi ( September 12, 2018, 01:20 GMT | Insight) -- An ambitious move by Hong Kong investor CK Infrastructure to acquire Australia’s leading natural-gas infrastructure company, APA Group, received a shot in the arm today, with the Australian Competition & Consumer Commission waving through the $9.26 billion deal. But the regulator also revealed that it only cleared the deal as a result of the CKI-led consortium's commitment to sell off substantial assets in Western Australia. To proceed, the deal must also be cleared by Australia's Foreign Investment Review Board.An ambitious move by Hong Kong investor CK Infrastructure to acquire Australia’s leading natural-gas infrastructure company, APA Group, received a shot in the arm today, with the Australian Competition & Consumer Commission, or ACCC, waving through the A13 billion ($9.26 billion) deal. ...
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