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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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Total Shareholder Return as at 30/09/16

1 year TSR5 year TSR
165thEvolution Mining105%15%
350thDexus30%18%
409thDUET Group21%18%
593rdBank of Queensland-12%13%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

42nd↑DUET Group$1,621.6m
47th↑Bank of Queensland$1,088.0m
49th-Dexus$876.3m
51st-Novion$760.3m
54th↑Evolution Mining$666.3m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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