The deadline to satisfy regulatory approvals to allow State Grid of China to buy a 20% stake in SP AusNet and a 60% stake of Jemena gas and electricity from Singapore Power has been extended to the end of 2013. The original deadline decided on by the companies elapsed on November 16.

SP Ausnet says that the deal is still on and that the companies are working towards satisfying the conditions precedent.

 

Michelle is a freelance journalist and editor who, as well as covering all the latest and breaking industry news, is a gun proofreader and editor who never misses a trick.

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