CKI Consortium Schemes - Treasurer Prohibits Schemes

Source Press Release
Company APA GroupCheung Kong Infrastructure Holdings Limited 
Tags Corporate Deals, Deals, Pipelines/ tankers/ distribution, LNG & Gas Storage/Processing, Power
Date November 21, 2018

APA Group (ASX: APA) (APA) last night received notice from the CKI Consortium that the Federal Treasurer had notified it of his decision to prohibit the trust schemes under which the CKI Consortium would acquire all of the stapled securities in APA (Schemes).

APA and the CKI Consortium therefore agreed to terminate the Implementation Agreement and the Bidder’s proposal will not proceed further.

For more details click here.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd