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Business deals

Australia rejects Hong Kong group's bid for pipeline operator

Conglomerate CK's planned buy of APA not in 'national interest,' Canberra says

APA Group owns more than half of Australia's natural gas transmission network. (Photo courtesy of APA Group)

HONG KONG -- The Australian government on Tuesday blocked the proposed acquisition of APA Group, the country's largest natural gas pipeline operator, by a consortium led by Hong Kong's CK Asset Holdings.

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