CKI has seen little resistance from the market or shareholders for its $13bn takeover bid for APA but there are stumbling blocks ahead from regulators.
APA’s largest shareholder UniSuper would be open to considering partnering with CKI in its $13 billion takeover bid for APA but says CKI likes total ownership.
Gas pipeline group APA has come under the spotlight of Hong Kong infrastructure company CKI,but who's the man who has led APA to become a virtual monopoly.
CKI's bid for Australia largest pipeline network may ease concerns about domestic gas shortages by saying it could be open to greater regulation of the critical energy infrastructure.
APA boss Mick McCormack won’t be singing the blues if Hong Kong billionaire Victor Li is successful with the $13 billion bid.
The energy infrastructure provider opens up its books to a Hong Kong-based group of bidders aiming to buy and split up the pipeline monopoly.
APA has announced a fully underwritten retail offer to raise around $500 million.