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APA fuming at AusNet due diligence delay

Angela Macdonald-Smith

APA Group’s top management has clashed with takeover target AusNet Services over due diligence access, further ramping up tensions in the gas pipeline owner’s $17 billion takeover battle with Canada’s Brookfield.

APA chairman Michael Fraser used the company’s annual shareholder meeting to voice frustration at the continuing delay in getting access to AusNet’s accounts, despite a Takeovers Panel ruling last Friday requiring it.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/apa-fuming-at-ausnet-due-diligence-delay-20211021-p591tt