Spark Infrastructure (SKI.AX) on Wednesday agreed to open its books to a consortium that includes private equity giant KKR & Co Inc (KKR.N) after the group tabled a third buyout offer, valuing the Australian electricity infrastructure investor at A$5.13 billion ($3.78 billion).

The offer, the latest in a flurry of buyout bids in Australia this year, comes nearly two weeks after Spark rejected the consortium’s previous proposal.

The company considers it would be in the interest of security holders to engage further with the group, Spark said in a statement.

Spark said it had agreed to provide the consortium with due diligence on a “non-exclusive basis”.

Read more/Source: Reuters