Announced
Completed
Financials
Tags
Friendly
Gas Distribution
natural gas
Australia
Cross Border
Completed
Private
Acquisition
Single Bidder
Minority
Synopsis
ConocoPhillips, an American multinational corporation engaged in hydrocarbon exploration and production, completed the acquisition of a 10% stake in APLNG, a producer of natural gas, from Origin Energy, an energy company, for $1.6bn. "We are pleased to acquire this additional stake in APLNG, which throughout its six years of operations has served as a reliable and efficient supplier of natural gas to the growing Asia Pacific market, and to Australia's East Coast gas market," Ryan Lance, ConocoPhillips Chairman and CEO.
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