Announced
Financials
Sources
Tags
Single Bidder
electricity interconnectors
Private
electricity distribution
Domestic
Pending
Majority
Australia
Acquisition
Friendly
Electricity Distribution
Synopsis
APA Group, an Australian energy infrastructure business, agreed to acquire Basslink, which owns and operates the 370km high voltage direct current electricity interconnector between Victoria and Tasmania, for $480m. The transaction is subject to a number of conditions precedent, including the approval of the deed of company arrangement proposed by APA at the second meeting of creditors of Basslink.
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