A consortium comprising CK Infrastructure, CK Asset Holdings and Power Assets Holdings (CKI Consortium) has tabled a non-binding indicative offer to acquire 100% of the securities in APA Group, Australia's largest gas network owned operator.
The CKI Consortium proposed to offer AUD11.00 per stapled security, representing a premium of about 33% over APA's share price prior to the announcement.
Read the full update in the document below.
Thomas joined FIIG Securities in March 2018 and is responsible for credit research for infrastructure & resources companies. Thomas has over 15 years’ experience in credit and fixed income markets across Europe, Asia and Australia.