Apache closes $2.1 bln sale of Australian operations to Brookfield, Macquarie
U.S. oil and gas company Apache Corp (NYSE, Nasdaq: APA) has completed the previously announced sale of its Australian subsidiary Apache Energy Ltd to a consortium of private equity funds managed by Brookfield Asset Management and Macquarie Corporate Holdings. The transaction had a total value of about US$2.1 billion, or US$1.9 billion net of US$225 million in post-closing adjustments. The sale's effective close date was October 1, 2014.
5 June 2015•2 mins read
