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Bridget Carter

Unisuper exits APA Group

Bridget Carter
Unisuper has sold its remaining stake in APA Group.
Unisuper has sold its remaining stake in APA Group.

Unisuper sold its remaining 3.7 per cent interest in APA Group on Friday morning.

JPMorgan crossed 47.4 million shares at $7.23 in a deal believed to be on behalf of the superannuation fund.

It comes after the gas pipeline company’s largest shareholder offloaded most of its shares in October, equating to a 5.3 per cent interest, and taking its holding down to less than 4 per cent.

Shares then were sold in a book build which had a range of $7.23 to $7.43.

Shares last closed at $7.17.

APA Group describes itself as a leading Australian energy infrastructure business which owns and operate a $21bn portfolio of gas, electricity, solar and wind assets.

Read related topics:Apa Group
Bridget Carter
Bridget CarterDataRoom Editor

Bridget Carter has worked as a writer and editor for The Australian’s DataRoom column since it was launched in 2013, focusing on capital markets, mergers and acquisitions, private equity and investment banking. She has been a journalist for more than 18 years, covering a broad range of events and topics, including high profile court cases and crimes, natural disasters, social issues and company news.

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Original URL: https://www.theaustralian.com.au/business/dataroom/unisuper-exits-apa-group/news-story/2a4c7e4240b901dbcadbede809d66a65