APG Asset Management completed the acquisition of a 16.8% stake in Ausgrid from AustralianSuper for $1.6bn.

APG Asset Management completed the acquisition of a 16.8% stake in Ausgrid, a licensed electricity distributor, from AustralianSuper, an Australian superannuation and pension fund, for $1.6bn. "We are pleased to become an investment partner in Ausgrid. We see this asset as a great addition to our clients’ investment portfolio. Ausgrid is expected to play a critical role in the energy transition and contribute to further carbon emission reductions. We look forward to working with our partners to ensure a long-term, stable and sustainable investment return for our clients," Hans-Martin Aerts, APG Asset Management Asia Head of Infrastructure.