APA Group finalises GDI divestment
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The news: Energy infrastructure company APA Group has completed the divestment of its 20% stake in GDI, valued at $62 million, following previous announcement on 18 December 2025.
The context: The divestment forms part of a broader transaction which will see 100% of GDI sold to Stonepeak.
APA said it will continue to deliver corporate services to GDI, including the Allgas Network, for up to three years.
APA noted that earnings from GDI represented less than 1% of the company’s underlying earnings in FY25.
What they said: "We are pleased to have completed this transaction. It builds on the earlier divestment of our networks business and reflects our focus on simplifying the business, driving cost efficiency and capturing value from the significant growth opportunities ahead,” APA Group CEO Adam Watson said.
The source: ASX
