ASX dives; Adbri, Magellan lead losses, NIB soars
ASX slumps to its worst session in six weeks. Adbri tumbles on profit hit, EML and NIB soar on results, Ampol dividend doubles and Link shareholders approve sale.
Apa Group
APA faces $32m hit over payroll bungle
Chief executive Rob Wheals blames ‘highly complex’ enterprise agreements for the seven-year issue, which has now triggered a 12-month review.
ASX ends week up; Santos leads energy surge
ASX on its best winning streak in 15 months with a fifth week of gains. TPG plunges, AGL profit hit, Woodside leads coal rally and gas security mechanism to last till 2030.
AGL signs Japanese partners, expands Hunter hub plans
The energy giant has also brought on APA Group and Jemena as it develops the Liddell and Bayswater power station sites alongside Fortescue Future Industries.
Ex-Anchorage exec into Basslink auction second round
Parties in the contest to buy the power cable Basslink submitted their bids earlier this week.
Kelsian may have missed bus in Go-Ahead battle
The bidding war for British transport company Go-Ahead could be starting to resemble the fight between APA and Brookfield for Ausnet.
APA attacks need to prop up gas imports
A spat has broken out between Australia’s biggest gas pipeline company and the nation’s richest man over the need for government assistance in solving an east coast energy crisis.
Snowy Hydro gas plant inks pipeline deal
Snowy Hydro has signed a 30-year pipeline and storage deal for its gas plant near Newcastle in NSW, as it looks to bring first supplies into the market by late 2023.
ASX falls 0.6pc; BHP, Fortescue, Rio smashed
ASX posts seventh straight loss as energy and materials drag. Nomura tips US recession, Cooper Energy launches raise, PointsBet soars on buy-in and iron ore prices plunge.
JPMorgan hires new Australia investment banking head
The US-based bank has appointed Julian Peck as its head of investment banking for Australia.
ASX gains 0.4pc; banks, miners, telcos rally
ASX ends higher despite a late selloff. Costa Group jumps on update, Chalice drops on $100m raise, Hesta to oppose AGL demerger, Flight Centre names new MD and Worley secures US job.
Suitor circles $13.5bn pipeline owner APA Group
One of the country’s last major listed infrastructure groups is being circled by at least one suitor who considers it ‘better placed to oversee the company’s energy transition’.
APA eyes $4bn-plus US electricity transmission group
The gas pipeline owner remains on the acquisition trail after surging energy prices sent its stock soaring.
APA savages Katter-linked Qld power line
CopperString 2.0, owned by relatives of Queensland MP Bob Katter, aims to run a new 1100km power cable from Townsville to a mining-rich area known as the North West Minerals Province.
Gas giant warns of trainwreck from early coal exit
The nation’s largest gas distributor, APA Group, tips use of the fossil fuel to surge in the power grid as coal exits accelerate.
APA targets hydrogen for Victoria gas grid
Australia’s biggest gas pipeline company, APA Group, plans to introduce hydrogen across Victoria’s transmission system.
Cooper Energy in talks to buy Orbost Gas Processing Plant
Cooper Energy is believed to be in talks with the APA Group to purchase the Orbost Gas Processing Plant for a predicted $200m.
MUFG sells Basslink debt
Japanese bank MUFG is understood to be the bank that has sold debt in the collapsed infrastructure asset Basslink to APA Group.
Basslink collapse likely to resurrect APA’s bid
Australian gas pipeline owner APA Group is expected to make a second attempt to buy Basslink after its collapse into the hands of receivers on Friday.
APA signals its retreat from battle for AusNet
The nation’s largest gas pipeline owner, APA Group, is sending strong signals that it plans to retreat in the battle for $10bn electricity asset owner AusNet.
AusNet backs $10.2bn Brookfield bid
AusNet is set to fall under Canadian control after it agreed to a $10.2bn takeover offer from a consortium led by Brookfield.
APA pulls out of plans to buy Basslink Interconnector
The $10bn infrastructure owner APA Group has pulled out of plans to buy the Basslink Interconnector as it zeroes in on AusNet.
Battle for AusNet intensifies
APA Group has started due diligence on takeover target AusNet after a war of words with rival bidder Brookfield.
ASX closes up 0.3% after six-week high
The Australian sharemarket enjoyed its fourth straight daily gain, closing up 0.3% at 7441 after hitting a six-week high just before midday.
APA has work to do to win AusNet
Singapore Power is the key to ESG takeover prize AusNet. Canadian investor Brookfield and Australian gas-pipeline operator APA have already gone several rounds in bidding.
Mullen unpacks Brookfield bid for AusNet
The $17bn takeover battle between Brookfield and gas pipeline operator APA over AusNet, Victoria’s main electricity transmission business, is getting serious.
Giant suffers AusNet setback
Brookfield Infrastructure has lost a bid to further thwart rival APA Group in the battle for AusNet Services, after the Takeovers Panel rejected its claims.
AusNet holders nervous over Takeovers Panel move
AusNet shareholders are getting anxious about the $10bn battle playing out between Brookfield and APA Group for the Australian electricity asset owner.
$10bn battle for AusNet takes a twist
AusNet Services bidder Brookfield has gone to the Takeovers Panel accusing rival APA Group of misleading and incorrect statements
Hunter APA may become a target
APA Group is believed to have added the $1bn Meridian Energy Australia portfolio to its shopping list, but is the $10bn gas pipeline owner itself on suitors’ radar?
Original URL: https://www.theaustralian.com.au/topics/apa-group/page/3