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APA Group Announces Approach To Envestra Limited Regarding A Merger Proposal

Monday, 15 Jul 2013 08:02pm EDT 

APA Group announced it has approached the board of Envestra Ltd with a proposal under which the two businesses would be combined through an all-share merger. The proposal remains indicative and non-binding1. APA acquired a 17.2 per cent interest in Envestra in July 2007, and has supported Envestra with further equity investments over the last six years. APA currently owns 33.0 per cent of Envestra shares and is its largest shareholder. 

Company Quote

-0.09 -1.18%
22 Dec 2014