The takeover proposal values GasNet significantly higher than the amount being offered by another suitor û a partnership between Babcock Brown Infrastructure BBI and Australian Pipeline Trust APT û which first bid for the Victorian gas transmission company back in mid-June.
BBI is itself a listed infrastructure trust and has forged the trail in publicly-traded specialist funds in Australian along with rival Macquarie Infrastructure Group.
BBI and APT already own 14.2% of GasNetÆs shares and had been offering a...
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