Wellington Power lines sold to Chinese

has reported:

's overseas investment watchdog has approved a conglomerate's bid to buy Vector's Wellington power lines network.

Vector sought approval earlier this year for the $785 million deal to sell 100 percent of the shares of Vector Wellington Electricity Network Limited to Hong Kong-based Cheung Kong Infrastructure Holdings (CKI) and Hongkong Electric Holdings Limited (HKE).

Now don't care at all owns my power lines, but isn't it ironic that the moved heaven and earth to stop a Canadian pension fund having a minority voting stake in Auckland Airport, yet has absolutely no problems with a Chinese business owning 100% of Wellington's power lines?

Didn't Helen Clark say ownership of such assets would be a defining issue for the election?

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