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New Deal


Announced

APA Group to acquire Basslink for $480m.

Financials

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Transaction Value£429m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

electricity interconnectors

Private

electricity distribution

Domestic

Pending

Majority

Australia

Acquisition

Friendly

Electricity Distribution

Synopsis

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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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