CKI offer for APA considered neutral for AGN, DBNGP and EPG
by
Thomas Jacquot | Jun 13, 2018
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.