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News: APA Australia's APA Group gets $9.8 bln offer from Chinese consortium

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    June 13 (Reuters) - Australia's natural gas infrastructure business company APA Group (APA) on Wednesday said it received a A$12.98 billion ($9.83 billion) unsolicited offer from a consortium of Chinese companies led by CK Infrastructure Holdings 1038.HK .

    The consortium, which also include CK Asset Holdings 1113.HK and Power Assets Holdings 0006.HK , has offered A$11 cash per stapled security.

    The APA board makes no recommendation in response to the proposal at this time, the company said in a statement. ($1 = 1.3208 Australian dollars)

 
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