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APA GROUP — Regulatory Filings 2012
May 10, 2012
64398_rns_2012-05-10_9c71634a-539d-425e-b723-065e72d7985d.pdf
Regulatory Filings
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ASX RELEASE
11 May 2012
The Manager
ASX Market Announcements Australian Securities Exchange 4[th] Floor, 20 Bridge Street Sydney NSW 2000
Electronic Lodgement
Dear Sir or Madam
Company Announcement
I attach the following announcement for release to the market:
- APA Group notes ACCC’s market inquiry on a new undertakings package
Yours sincerely
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Mark Knapman Company Secretary
ASX RELEASE
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11 May 2012
APA Group notes ACCC’s market inquiry on a new undertakings package
APA Group (ASX:APA) notes that the Australian Competition and Consumer Commission (ACCC) has today announced a market inquiry into a new undertakings package provided to the ACCC by APA.
These undertakings are designed to address all of the substantive issues raised in the ACCC’s Statement of Issues regarding APA’s proposed acquisition of Hastings Diversified Utilities Fund (HDF).
The package includes an undertaking to divest the Moomba Adelaide Pipeline System on acquisition of effective control of HDF and an undertaking to ensure a right to connect to the South West Queensland Pipeline.
APA Managing Director, Mick McCormack said “We have submitted an undertakings package that we believe resolves all the substantive competition concerns raised. We will continue to work constructively with the ACCC and we look forward to obtaining ACCC clearance and progressing our offer for HDF.”
For further information please contact:
Investor enquiries: Chris Kotsaris Investor Relations APA Group Telephone: (02) 9693 0049 Mob: 0402 060 508 Email: [email protected]
Media enquiries: David Symons Cato Counsel Telephone: (02) 9212 4666 Mob: 0410 559 184 Email: [email protected]
About APA Group (APA)
APA is Australia’s largest natural gas infrastructure business, owning and/or operating more than $8 billion of gas transmission and distribution assets. Its pipelines and assets span every state and territory on mainland Australia, delivering 50% 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, Hastings Diversified Utilities Fund and Energy Infrastructure Investments.
For more information visit APA’s website, www.apa.com.au
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