Oct 18 (Reuters) - APA Group (APA) :
- APA TO ACQUIRE BASSLINK
- ENTERED INTO A DEED OF COMPANY ARRANGEMENT IN RELATION TO ACQUISITION OF BASSLINK PTY LTD
- UNDER PROPOSAL APA WILL ACQUIRE BASSLINK FOR A$773 MILLION
- THESE PROCEEDS WILL BE USED TO REPAY BASSLINK CREDITORS, INCLUDING APA'S EXISTING SENIOR SECURED DEBT OF A$648 MILLION
- ACQUISITION IS EXPECTED TO COMPLETE IN COMING DAYS AND, FOLLOWING ENTRY INTO DOCA, IS NOW SUBJECT TO LIMITED CONDITIONS PRECEDENT
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