Ann: APA 2022 Investor Morning, page-11

I found this on Motley Fool:
Takeover speculationAccording to reporting by The Australian, APA is being looked at by at least one potential buyer.How close is a takeover bid? The newspaper reported that sources say a party hasn’t yet made an approach to the APA board, but “the talk” is that at least one prospective buyer thinks it would be “better placed to oversee an energy transition of the business away from gas”.It would be a hefty takeover if it were to go ahead. The APA market capitalisation is $13.7 billion according to the ASX, before today’s APA share price movement.However, it was pointed out that plenty of the potential investors may not be interested in buying APA because of the fact that it has gas-related assets – many funds would prefer targets that are more environmentally friendly.Potential buyerThe Australian named US investor Global Investment Partners as one fund that “could buy the business”. It has already shown interest in Australian assets after buying a stake in the Woodside Petroleum Limited (ASX: WPL) Western Australian Pluto Train 2 project for around $4 billion.Some of GIP’s assets around the world are gas pipelines, so APA’s assets could make sense for its asset base.