Australia courts U.S., Canada after rejecting Chinese bids for Ausgrid: Reuters

North American bidders will not need an Australian partner to bid for Australian electricity distributor Ausgrid, an adviser on the potentially A$10 billion (US$7.46 billion) deal said, after the government rejected sole offers from Chinese interests. Canadian funds such as Canada Pension Plan Investment Board and Borealis Infrastructure had this month been advised during a roadshow that they did not need Australian partners if they bid through a consortium, the source told Reuters.

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