Wesfarmers invests $100 mln in Brookfield-backed Quadrant
Wesfarmers Ltd has agreed to acquire an interest in Quadrant Energy Pty Ltd, a company formed following the sale of Apache Energy Ltd to Brookfield Asset Management and Macquarie Capital for US$2.1 billion in early June. Wesfarmers, an Australian farmers co-operative, will invest US$100 million to obtain a 13.7 percent interest in the company. Based in Perth, Australia, Quadrant is a producer of gas for the domestic market.
25 June 2015•2 mins read
