Government says Alinta broke rules in buying Australian Pipeline Trust

摘要

Sydney-Natural gas pipeline operator Australian Pipeline Trust has welcomed a ruling that Western Australian gas company Alinta had breached local takeover law when it snapped up a 10.25% stake in the company.The Australia Takeovers Panel September 20 made a declaration of unacceptable circumstances in relation to Alinta's acquisition of the shares in APT, which were acquired over the period from August 16 to August 22.