Alcoa to sell stake in Australian natural gas pipeline
Alcoa (NYSE:AA) agrees to sell its 20% stake in DBP, the owner and operator of the Dampier to Bunbury natural gas pipeline in Australia for US$154M.Alcoa says it will maintain its current...
Alcoa : to Sell Stake in Australian Natural Gas Pipeline to
Alcoa today announced that Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline , to DUET Group for... | February 26, 2025
Alcoa to Sell Stake in Australian Natural Gas Pipeline to
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE: AA) today announced that Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas...
Alcoa to Sell Stake in Australian Natural Gas Pipeline to
Alcoa (NYSE: AA) today announced that Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group (DUET) for AU$205 million (~US$154 million). DBP is currently owned 20 percent by Alcoa of Australia and 80 percent by DUET (in aggregate).
Alcoa sells DBP stake for $205m - Business News
Alcoa of Australia has agreed to sell its stake in DBP Transmission, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group for $205 million. Duet will become the sole owner of DBP after acquiring Alcoa’s 20 per cent stake, and plans to undertake a $230 million capital raising to help fund the purchase.
