Spark Infrastructure : Morgan Stanley rates SKI as Equal-weight

Spark Infrastructure Group is an Australia-based company, which makes investment in essential services infrastructure businesses, primarily electricity distribution and transmission businesses, in Australia. The Company operates through four segments, Victoria Power Networks, SA Power Networks, TransGrid, and Bomen Solar Farm. The Victoria Power Networks segment includes interest in two electricity distribution businesses in Victoria (i.e., CitiPower and Powercor). The SA Power Networks segment includes interest in electricity distribution business in South Australia. The TransGrid segment includes interest in the electricity transmission business in New South Wales (i.e., NSW Electricity Networks Assets Holdings Trust and NSW Electricity Networks Operations Holdings Trust. The Bomen Solar Farm segment includes interest in the Bomen Solar Farm HoldCo Pty Ltd and Bomen Solar Farm Hold Trust (and its subsidiaries Bomen Solar Farm Pty Ltd, Bomen SF Trust and Bomen SF FinCo Pty Ltd).