Frydenberg rejects foreign bid for ‘critical’ pipeline network

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The Morrison government risks another feud with China over foreign investment after rejecting a $13 billion bid for Australia’s dominant gas pipeline network ahead of a crucial meeting in Beijing that…

  • David Crowe & Cole Latimer, with Kylar Loussikian
  • The Sydney Morning Herald

The decision halts a divisive plan from Hong Kong company CK Group to buy APA Group and its massive energy network, giving the overseas bidder two weeks to appeal the ruling amid warnings of…

Treasurer Josh Frydenberg issued a “preliminary” view that the foreign bid should be turned down on national interest grounds, ending months of argument over the importance of a network that…

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