Aug 23 (Reuters) - Spark Infrastructure Group (SKI) on Monday agreed to a A$5.2 billion ($3.71 billion) takeover by a consortium that includes private equity giant KKR & Co Inc KKR.N and two Canadian pension funds.
The consortium made a third offer for the electricity infrastructure investor in late July of A$2.95 per share and in early August roped in Public Sector Pension Investment Board to join KKR and the Ontario Teachers' Pension Plan Board (OTPP).
Under the deal, Spark can pay a special distribution of around 12 Australian cents per share.
Spark, which has a 49% stake in an electricity distribution network in South Australia, said the deal is still subject to foreign investment approval and shareholder approval. ($1 = 1.4017 Australian dollars)
