Wednesday, 13 June 2018

APA Group receives A$13 billion bid from Chinese consortium

CKI founder Li Ka-shing seeks to snap up APA CKI founder Li Ka-shing seeks to snap up APA

Australia’s biggest gas pipeline company, APA Group, has allowed CKI of Hong Kong access its books after the Chinese consortium made a A$13 billion (US$9.8bn) takeover bid. The suitor will, however, have to win over regulators on Canberra who view the massive offer with some critical restraint.

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