Apache to sell Australian unit to Macquarie Capital, Brookfield Asset Management for $2.1 bln
Apache Corp. said Thursday it has agreed to sell its Australian subsidiary Apache Energy Ltd. to consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. The purchase price was $2.1 billion. Apache Energy, and its subsidiaries, produced about 49,000 barrels of oil equivalent per day in March. With the sale, Apache said it is fully exiting its exploration and production business in Australia but retains a 49 percent stake in Yara Pilbara Holdings Pty Ltd., a fertilizer producer.
9 April 2015•3 mins read
