BG Completes Sale of Australia Pipeline Network to APA Group for $4.6 Billion
June 03 2015 - 10:57AM
Dow Jones News
LONDON-- Natural gas company BG Group PLC (BG.LN) Wednesday said
it has completed its sale of a pipeline network in Australia to gas
infrastructure business APA Group (APA.AU) for gross proceeds of
around US$4.6 billion, in line with the $4.5 billion to $5 billion
range it previously reported.
Shares at 1425 GMT, up 13 pence, or 1.2%, at 1,139 pence valuing
the company at GBP38.9 billion ($59.5 billion).
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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