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AUSTRALIA'S AGL, ARROW TO SELL NORTH QUEENSLAND GAS PIPELINE.
MELBOURNE, July 1 Asia Pulse - AGL Energy Ltd (ASX:AGL), Australia's largest power retailer, and Arrow Energy Ltd (ASX:AOE) have agreed to sell the North Queensland Gas Pipeline (NQGP) to Victorian Funds Management Corp for $A205 million ($US196.27 million).
AGL Energy and Arrow will continue to operate the pipeline, which will provide contracted operating and maintenance services to to Victorian Funds under a long-term operations and maintenance agreement.
"The NQGP is a perfect addition to our growing portfolio of directly owned core infrastructure assets," Victorian Funds joint head of private markets Andrew Elliott said in a statement.
Financial close on the sale is ...
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Source: HighBeam Research, AUSTRALIA'S AGL, ARROW TO SELL NORTH QUEENSLAND GAS PIPELINE.