According to the bourse filing released by the APA Group, the group is now in discussions with Basslink to “seek to agree [to] a binding transaction”.
Basslink, the Australian subsidiary of Keppel Infrastructure Trust (KIT), has selected Australian-listed APA Group as its preferred bidder for its acquisition.
APA Group is a leading energy infrastructure business in Australia. The receivers appointed to Basslink made the announcement on Sept 7.
