APA extends bid in $10bn AusNet takeover battle
APA will keep its $10bn bid for AusNet on the table until the takeovers panel responds to its call for the termination of rival Brookfield’s exclusive due diligence process.
Apa Group
Gloves off as AusNet contest heats up
The $10bn battle for Victorian power grid owner AusNet Services has exploded as APA seeks a way back into the bidding contest
ASX ends lower as Evergrande falls
Australia’s sharemarket fell slightly at the end of a volatile week. The S&P/ASX 200 index closed down 0.4% at 7342.6 and suffered its first three-week fall in seven months.
APA escalates spat with rival over AusNet
APA Group has gone to the Australian Takeovers Panel to terminate Brookfield’s exclusive due diligence on AusNet Services.
AusNet criticised over bid exclusivity
A major shareholder in power grid owner AusNet Services has criticised the decision to hand Brookfield eight weeks of exclusive due diligence and sideline APA Group.
APA tops rival with $10bn offer for AusNet
A bidding war has erupted for power grid owner AusNet Services, with APA and Brookfield jostling for separate takeover deals.
$10bn AusNet bid a tough ask for APA: analysts
Market experts say APA could face a battle to gather the funds needed to buy AusNet, after its $10bn play for the power grid owner.
ASX ends 0.4% higher, energy, IT stocks up
Stocks recover to finish 0.4 per cent higher, led by energy and IT sectors. APA shares drop 4.7 per cent amid fears of a bidding war for AusNet.
APA plugs into Qld hydrogen project
APA joins Stanwell and a host of Japanese companies in a Queensland green hydrogen project.
Analysts back APA’s Basslink bid
APA’s overall portfolio would likely benefit from an acquisition of the $877m submarine power cable, say analysts.
APA taps Macquarie, KWM for looming Basslink deal
Investment bank Macquarie and law firm King & Wood Mallesons are helping APA in its bid to buy the subsea cable that links the Tasmanian and Victorian electricity grids.
APA may pursue Basslink in hunt for higher margins
$11bn infrastructure owner APA is understood to be looking at the acquisition of an undersea cable, and some think it might be the Basslink Interconnector.
APA hunting North American gas targets
The Sydney-based company has been scanning US targets as it looks to add a higher margin business to its regulated Australian earnings.
Cooper Energy ‘strong’ after a challenging year
Cooper Energy says it will build on the past year’s record production, achieved despite ongoing third-party gas plant woes putting a dampener on the result.
APA Group focus of M&A speculation
The mergers and acquisitions boom on in Australia may appear to be hitting fever pitch, but some are suggesting that there is more to come.
Under-fire APA targets US deal to lift earnings
The Sydney-based company has been scanning US targets as it looks to add a higher margin business to its regulated Australian earnings.
Origin raises stakes for Forrest’s LNG plant
Origin Energy’s new east coast gas deal with APA may have set off alarm bells for billionaire Andrew ‘Twiggy’ Forrest.
$24m to fix Orbost gas plant
APA Group and Cooper Energy will inject $24m into the troubled Orbost gas plant, which continues to limit production from the Sole gas project in the Gippsland Basin.
Renewed gas pipeline plan causing controversy
Renewed plan for multibillion-dollar transcontinental gas pipeline linking Australia’s west and east coasts has split the industry.
APA broadens search for North American acquisition
The Sydney-based company has been scanning US targets as it looks to add a higher margin business to its regulated Australian earnings .
Stocks jump on dole boost
Australia’s sharemarket rose strongly as the government boosted the dole and US futures jumped. Turnbull to chair Fortescue Future Industries. BoQ led gains, travel stocks surged. Afterpay down as bond yields spike.
Energy opportunities to charge your portfolio
Origin Energy, Cooper Energy, Worley and APA are all set to profit from a recovery in a challenged sector.
APA takes a tilt at $1.3bn renewables
The $11bn listed APA Group is understood to have hired investment bank UBS as part of an attempt to buy a 65.6 per cent stake in Tilt Renewables.
’We have to get energy right’
It is incredibly exciting, but challenging, to be part of the biggest energy transition in decades, says APA Group chief Rob Wheals.
APA pushes ahead with pipeline
APA Group will spend $460m building a new West Australian gas pipeline connecting the gas-rich Perth Basin to the Goldfields region.
Pipeline chief fuels hopes of east-west gas link
Mick McCormack says he’d rather help to grow a company than just ‘sit around a board table wondering what’s going on’.
Gas supply debate ‘going round in circles’
The transcontinental gas pipeline would help to ease a projected shortfall and high prices for users on the east coast.
Downturn in the pipeline for APA
APA Group lifts annual earnings 5pc but warns economic jitters ahead could mean lower gas volumes and project delays.
Market calm amid major events
Kirby & Kohler flag the looming end to the financial year, ponder a foreign bid for APA and plot the Fed’s next moves.
Original URL: https://www.theaustralian.com.au/topics/apa-group/page/4