APA secures $647M from asset sale to reduce debt

PIPELINE management company APA Group has received $647 million from the sale of assets into an unlisted investment vehicle and will use the funds to reduce debt.

APA secures $647M from asset sale to reduce debt APA secures $647M from asset sale to reduce debt APA secures $647M from asset sale to reduce debt APA secures $647M from asset sale to reduce debt APA secures $647M from asset sale to reduce debt

The company said it achieved book value from the sale of assets into Energy Infrastructure Investments and would use the funds to reduce corporate debt and cut gearing to about 69%.

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