MELBOURNE, Australia—Australia’s antitrust regulator won’t stand in the way of a more than $9 billion takeover of one of the country’s main gas-pipeline operators, putting the deal by Hong Kong’s CK Infrastructure Holdings Ltd. in the hands of foreign investment authorities.
The Australian Competition and Consumer Commission on Wednesday said it wouldn’t oppose the acquisition of APA Group after accepting plans from a CKI-led consortium to offload assets that would otherwise have meant a threat to competition when APA was...