Apache Corp. completes sale of Australian operations
HOUSTON -- Apache Corp. has completed the sale of its Australian subsidiary, Apache Energy Limited, to a consortium of private equity funds managed by Macquarie Corporate Holdings Limited and Brookfield Asset Management Inc.
Total proceeds of $1.9 billion are net of $225 million in customary, post-closing adjustments for the period between the effective date, Oct. 1, 2014, and closing.
