APA Group (ASX: APA) listed on the ASX in 2000 with just six employees and has gone on to become one of Australia’s leading energy infrastructure businesses. Today, APA has 1,800 employees, 15,400km of pipelines and a 28,900km distribution network. APA is among the largest companies on the ASX with a market capitalisation of over $10 billion.
Australian Treasurer Josh Frydenberg has blocked Hong Kong-based CK Asset Holdings Limited’s (CK Group) from acquiring Australia’s largest pipeline owner and operator APA Group (ASX:APA).
Here are the stories from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles today.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.23% at lunch.
China’s CKI Consortium is one step closer to buying Australia’s largest gas pipeline and energy infrastructure owner, APA Group (ASX:APA).
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Monday morning.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.17% at lunch.
APA Group (ASX:APA) shares jumped 20% today after the company announced it was the target of a takeover offer from CK Infrastructure Holdings Limited.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.51% at lunch.
APA Group (ASX:APA) has received a large takeover offer of around $13 billion from CK Infrastructure Holdings Limited.
