Company News Summary | 30 Aug 2021

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APA Group Responds to Media Speculation

10:23:00 | Associate analysts

Original annuncemenet:APA responds to media speculation

APA Group referred to media speculation that it is in confidential, exclusive and incomplete discussions with Keppel Infrastructure Trust (KIT) in relation to a potential acquisition of Basslink. The Company has submitted a confidential, conditional and incomplete proposal to KIT regarding the potential acquisition. Basslink owns and operates a 370km high voltage, direct current (HVDC) electricity interconnector between Vic and Tasmania. While the Company is in exclusive discussions, those discussions are ongoing and are incomplete and no definitive agreement has been reached between the parties in relation to any transaction.

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