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Panel orders sale of Alinta stake in APT
1points
The Takeovers Panel has ordered the sale of Alinta's 10.25 per cent stake in the Australian Pipeline Trust (APT). "The panel has ordered that the units in APT which Alinta acquired under the acquisitions be vested in ASIC (Australian Securities and Investment Commission) for sale by a stockbroker or investment bank selected by ASIC and that the net proceeds be returned to Alinta," the panel said.
Source: http://www.theage.com.au/news/Business/Panel-orders-sale-of-…
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