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SYDNEY, Aug 11 (Reuters) - Australia on Thursday blocked the sale of the country's biggest electricity network, Ausgrid, to foreign companies, citing national interest grounds.
State Grid Corp of China STGRD.UL and Hong Kong's Cheung Kong Infrastructure Holdings 1038.HK were the short-listed bidders vying for the asset, which was expected to fetch over A$10 billion ($7.7 billion).
Australian Treasurer Scott Morrison told journalists that he could not support the sale proposed by the NSW state government.