Tokyo, Dec 15, 2011 (JCN) - Marubeni Corporation has agreed to acquire a 40% equity interest in APT Allgas Energy Pty Ltd (Allgas), a wholly owned subsidiary of the APA Group in Australia. RREEF Infrastructure (RREEF), a subsidiary of Deutsche Bank AG also acquired a 40% equity stake in Allgas, resulting in an Allgas equity structure of Marubeni 40%, RREEF 40%, and APA 20%.
APA is a major energy company involved in the ownership, operation and management of gas pipelines and gas distribution networks throughout Australia. Marubeni's relationship with the APA Group started in 2008 with an investment into a portfolio of gas pipelines, and power generation and transmission assets, expanding into a wind farm in 2009. Through its interest in Allgas, Marubeni will become the first Japanese Corporation to participate in the gas distribution network business in Australia.
The Allgas distribution network is located in South East Queensland, an area that includes Brisbane and the Gold Coast. The Allgas acquisition represents Marubeni's second major infrastructure investment in this region, following the decision to invest into the Gold Coast Rapid Transit Light Rail PPP project as part of the GoldLinQ consortium in February this year, and is an indication of Marubeni's confidence in the future of the South East Queensland region.
Marubeni is committed to ensuring the success of the Allgas distribution business, and will continue to contribute to development of the Australian energy infrastructure industry through further expansions to its energy portfolio in Australia.
Copyright © 2013 JCN. All rights reserved. A division of Japan Corporate News Network KK.
 Company Profile |  Print |  Alerts
|
 |
|
Marubeni, INCJ Establish Seajacks Japan to Develop Offshore Wind Market
(June 3, 2013)
|
|
|
Japan Atomic Power and Marubeni Reach MOU with the Kazakhstan National Nuclear Center
(Feb 18, 2013)
|
|
|
Marubeni Sub Marnix and UK's Cooper Gay Sign Insurance Agreement
(Jan 17, 2013)
|
|
|
Marubeni Acquires U.S. Conveyor Belt Distributor
(Jan 9, 2013)
|
|
|
Marubeni Acquires Stake in Philippines' Water and Sewerage Utility
(Dec 28, 2012)
|
|
|
Marubeni to Construct Combined Cycle Power Plant for Bangladesh Government
(Dec 27, 2012)
|
|
|
Marubeni to Enter Mega-solar Power Business
(Nov 5, 2012)
|
|
|
Mitsui, MOL and Marubeni to Participate in MODEC Operation in Brazil's Cernambi Sul Area
(Mar 26, 2012)
|
|
|
Shuweihat S2 IWPP project in Abu Dhabi Reaches Full Commercial Operation
(Mar 15, 2012)
|
|
|
Fukushima Recovery, Experimental Offshore Floating Wind Farm Project
(Mar 7, 2012)
|
|
|
|
|
|
|
INPEX Granted Exploration Permit Off Western Australia (June 10, 2013)
|
|
|
ITOCHU to Construct Africa's Largest Solar Power Plant in South Africa (June 10, 2013)
|
|
|
Mitsui & Co to Participate in Power Generation Project in South Africa (June 6, 2013)
|
|
|
Idemitsu, JX and INPEX Confirm Gas at Third Offshore Vietnam Well (June 5, 2013)
|
|
|
JX Nippon Acquires Interest in Two Exploration Permits in the North West Shelf Off Australia (June 4, 2013)
|
|
|
Ichthys LNG Project Secures New Shipping Vessels (June 4, 2013)
|
|
|
Marubeni, INCJ Establish Seajacks Japan to Develop Offshore Wind Market (June 3, 2013)
|
|
|
Mitsui Becomes Master Developer in Malaysian Smart City Development (May 31, 2013)
|
|
|
ITOCHU Participates in U.S. Next-Gen Biodiesel Fuel Production (May 23, 2013)
|
|
|
JGC Awarded FEED Contract for Large-Scale LNG Plant in Canada (May 22, 2013)
|
More Gas & Oil news...
|
|
