Thursday 14 June 2018 by Thomas Jacquot Company updates

CKI offer for APA considered neutral for AGN, DBNGP and EPG

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.