News: APA Australia's APA Group to buy local energy supplier's Pilbara portfolio for $1.10 bln

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    Aug 23 (Reuters) - Australia's APA Group (APA) on Wednesday said it had entered into an agreement to acquire local energy supplier Alinta Energy's power assets in the Pilbara region of Western Australia in a deal valued at A$1.72 billion ($1.10 billion).

    Alinta Energy, owned by Hong Kong-based Chow Tai Fook Enterprises, would be selling its Pilbara portfolio, which includes the Port Hedland and Newman power stations to the gas pipelines owner. ($1 = 1.5567 Australian dollars)

 
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