Energy infrastructure business APA (ASX:APA)
have launched a non-binding offer to AusNet a day after they opened their books to Brookfield who proposed a $9.6 billion take-over bid.
APA proposed to acquire all shares in AusNet for $2.60 per share marking its second offer made. Meanwhile the global infrastructure investor yesterday made a non-binding offer to the energy giant at $2.50 per share, marking its third offer.
APA told the ASX that the proposal would bring together two high quality businesses and create a listed flagship Australian group with the scale and capability to accelerate the $20 billion growth in electricity transmission infrastructure needed to support the decarbonisation of Australia’s economy.
AusNet is yet to make a final decision and to grant due diligence to APA Group.
Shares in APA Group (ASX:APA)
are trading 4.5 per cent lower at $8.49.