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APA GROUP — Capital/Financing Update 2013
Apr 30, 2013
64398_rns_2013-04-30_3a2934e7-943a-4fe8-819d-f65c71b4cb90.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
1 May 2013
APA Group (ASX: APA)
(also for release to APT Pipelines Limited (ASX: AQH))
Completion of the sale of the Moomba Adelaide Pipeline System
APA Group (ASX:APA), Australia’s largest natural gas infrastructure business, announced that today it has completed the sale of the Moomba Adelaide Pipeline System (MAPS) to QIC Global Infrastructure (QIC) for $400.5 million. The sale was announced on 12 April 2013.
The Australian Consumer and Competition Commission (ACCC) has given its approval of QIC as an approved purchaser of MAPS.
The funds released from the sale will be applied to repay current APA debt and provide further headroom to support its growth capex program.
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Mark Knapman Company Secretary Australian Pipeline Limited
For further information please contact:
Investor enquiries: Media enquiries: Chris Kotsaris David Symons Telephone: (02) 9693 0049 Telephone: (02) 9212 4666 Mob: 0402 060 508 Mob: 0410 559 184 Email: [email protected] Email: [email protected]
About APA Group (APA)
APA is Australia’s largest natural gas infrastructure business, owning and/or operating $12 billion of energy assets. Its gas transmission pipelines span every state and territory on mainland Australia, delivering approximately half of the nation’s gas usage. Unique amongst its peers, APA has direct management and operational control over its assets and the majority of its investments. APA also holds minority interests in energy infrastructure enterprises including Envestra, SEA Gas Pipeline, Energy Infrastructure Investments and GDI.
APT Pipelines Limited is a fully owned subsidiary of Australian Pipeline Trust and is the borrowing entity of APA Group.
For more information visit APA’s website, www.apa.com.au
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About QIC Global Infrastructure (QIC GI)
QIC is Australia’s third largest institutional investment manager with $69.3 billion in funds under management as at 31 December 2012. QIC Global Infrastructure was established in 2006 within QIC to meet the infrastructure needs of wholesale investors including superannuation, pension and sovereign wealth funds. QIC GI is a long-term investor with a track record of building diversified global infrastructure portfolios that deliver on specific risk/return objectives. QIC GI manages approximately $7 billion on behalf of its clients through direct and indirect investments in energy and water utilities, airports, rail rolling stock, car parks, toll roads and seaports in the United States, Australia, New Zealand, Europe and the United Kingdom.
For more information visit QIC’s website, www.qic.com
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