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APA Group Announces Confirmation of Proposal to AusNet Services

21 Sep 2021  |  09:21:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Confirmation of Proposal to AusNet Services

APA Group announced that it has made a non-binding indicative proposal to the Board of AusNet Services (AusNet) (ASX: AST) to acquire all the issued shares in AusNet (the Superior Proposal) by way of a scheme of arrangement for $2.60 per share in cash and scrip. The proposal would bring together two high quality businesses and create a listed flagship Australian group with the scale and capability to accelerate the $20bn growth in electricity transmission infrastructure needed to support the decarbonisation of Australia's economy.

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