Canadians Buy Oz Gas Network

摘要

Canadian utility Atco has signed an agreement to buy Western Australia Gas Networks (WAGN) for about A$356 million (US$383 million), to strengthen its presence in Australia. Atco will acquire the utility from WestNet Infrastructure Group and will assume about A$644 million of WAGN debt. Including the assumption of debt and transaction costs, the aggregate purchase price is about A$1 billion, the company said.