Australia's APA Group gets $9.8 bln offer from Chinese consortium
12/06/2018 23:59
June 13 (Reuters) - Australia's natural gas infrastructure
business company APA Group APA.AX on Wednesday said it
received a A$12.98 billion ($9.83 billion) unsolicited offer
from a consortium of Chinese companies led by CK Infrastructure
Holdings 1038.HK .
The consortium, which also include CK Asset Holdings
1113.HK and Power Assets Holdings 0006.HK , has offered A$11
cash per stapled security.
The APA board makes no recommendation in response to the
proposal at this time, the company said in a statement.
($1 = 1.3208 Australian dollars)
(Reporting by Susan Mathew in Bengaluru)
((susan.mathew@thomsonreuters.com; +91-80-6749-1130; Reuters
Messaging: susan.mathew.thomsonreuters.com@reuters.net))