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One of Duet Group's core assets is the Dampier to Bunbury pipeline.

CKI’s $7.5bn Duet bid approved

A Chinese consortium is set to take ownership of the Dampier to Bunbury gas pipeline and several power stations across Western Australia, after regulators and shareholders today approved the $7.5 billion takeover of listed company DUET Group.

Australia's Foreign Investment Review Board approved the takeover of Duet by a Hong Kong consortium led by Cheung Kong Infrastructure.

Duet's two boards have backed the bid from the consortium, which comprises CKI (owned by billionaire Li Ka-Shing), Cheung Kong Property, and Power Asset Holdings.

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