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APA Welcomes the Opportunity to Engage with the ACCC
Published on
29 October 2021
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APA welcomes the opportunity to engage with the ACCC on its proposal to acquire AusNet Services.

"We respect the process and will continue to work constructively with the ACCC, while we complete due diligence in parallel on our proposal to acquire AusNet,” APA Group Executive Strategy and Commercial Julian Peck said.

“As well as creating an Australian energy infrastructure business that can help drive the $20 billion investment needed on Australia’s pathway to 2050, our plan positions a combined APA/AusNet to accelerate the energy transition.

“Our plan is about delivering the critical electricity infrastructure backbone that will support the significant investment in renewables and firming generation Australia needs over the coming decades on the pathway to net zero.

“The combination of APA and AusNet, under Australian ownership, will have a greater capability to partner with government and deliver the transition for the Australian community.

“The combined business is a unique opportunity to deliver on the vision to fast-track the energy transition and retain a proudly Australian controlled combined group listed on the ASX.”