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APA flies Aussie flag in $10b bidding war for AusNet

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer
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Pipeline owner APA Group has highlighted its all-Australian credentials after lobbing a rival bid for AusNet Services that trumps the $9.6 billion cash offer from Canada’s Brookfield and has sparked a bidding war for the owner of Victoria’s electricity transmission system.

But the major gas transporter has so far been left frustrated after failing to derail the eight-week exclusive due diligence period that AusNet target granted to Brookfield and which started on Tuesday.

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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-sparks-10b-bidding-war-for-ausnet-20210921-p58tel