June 2003

Trends and Resources

HPInformer

Australian energy businesses sold Aquila, Inc., Kansas City, Missouri, is selling its Australian interests for approximately $589 million which - after fees, expenses and taxes - is projected to yield..

Romanow, Stephany, Hydrocarbon Processing Staff

Australian energy businesses sold Aquila, Inc., Kansas City, Missouri, is selling its Australian interests for approximately $589 million which - after fees, expenses and taxes - is projected to yield net cash proceeds that are around $445 million. The company is applying the proceeds toward its prepayment obligations under its new 364-day secured loan and is using the remainder to carry out its restructuring plan. Aquila's interests in Multinet Gas, United Energy and AlintaGas are to be sold to a consortium representing AlintaGas, AMP Henderson and its affiliates. Transaction completion is conditional upon a series of agreed transaction steps; regulatory, shareholder and related approva

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