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APA GROUP — M&A Activity 2014
May 8, 2014
64398_rns_2014-05-08_13c16746-9326-4a31-8fdd-85a56184ab87.pdf
M&A Activity
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ASX ANNOUNCEMENT
9 May 2014
APA Group (ASX: APA)
(also for release to APT Pipelines Limited (ASX: AQH))
APA notes Envestra’s announcement of highly conditional indicative takeover proposal
APA Group (ASX:APA) notes the announcement issued by Envestra that it has received an indicative, non-binding, highly conditional off-market takeover proposal from a consortium that includes members of the Cheung Kong Group.
In light of this proposal, Envestra has announced that it will be seeking from the Federal Court an adjournment of the scheme meeting previously scheduled for 13 May 2014.
The Scheme Implementation Agreement between Envestra and APA remains on foot. APA will make a further announcement in relation to the proposed Scheme of Arrangement in due course.
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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) 8306 4244 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. 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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