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AUSTRALIAN PIPELINE TO BUY CMS'S INTEREST IN PARMELIA.
Publication: AsiaPulse News Publication Date: 30-JUL-04 |
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COPYRIGHT 2004 Asia Pulse Pty Ltd
MELBOURNE, July 30 Asia Pulse - Australia's biggest owner of gas pipelines, the Australian Pipeline Trust (APT) (ASX:APT), has agreed to pay A$206 million (US$144 million) to buy CMS Energy Corporation's interest in the Parmelia and Goldfields pipeline assets in Western Australia.
The deal will be funded by a combination of cash, existing debt facilities and A$60 million...
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