APA to Buy Alinta’s Pilbara Network in $1.1 Billion Deal
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Gas infrastructure operator APA Group has agreed to a deal for Alinta Energy Pty. Ltd.’s power networks in Australia’s mining heartland worth A$1.72 billion ($1.1 billion), including debt.
APA plans to raise A$675 million of new equity to fund the deal through an institutional placement, the company said in a statement on Wednesday.