Josh Frydenberg says the concentration of foreign ownership has not been considered by the ACCC.

Treasurer rejects gas pipeline purchase

Treasurer Josh Frydenberg has rejected a Chinese consortium's proposed $13 billion purchase of APA Group, saying the deal would result in an undue concentration of foreign ownership of the country's gas transmission pipelines.


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APA Group (APA)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/19

1 year TSR5 year TSR
111thAPA Group31%15%
195thOil Search12%1%
385thTPG Telecom-20%46%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar


34th↑TPG Telecom$2,480.5m
35th-APA Group$2,356.3m
36th-Oil Search$2,189.5m
79 listed non wa companies ranked by revenue.
Source: Morningstar

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