APA Group has completed the divestment of its networks business, including gas distribution operations and maintenance services.
Proceeds from the sale are estimated to be AU$29 million.
In August, APA agreed to sell the business to Australian Gas Infrastructure Group as part of the company’s efforts to simplify its operations.
APA also divested entities that provide asset management and operating services to third-party-owned gas distribution assets.
These services, along with approximately 725 APA employees, have now transitioned out of APA.
APA CEO Adam Watson said the divestment further simplifies the business as it pursues significant growth opportunities.
“We are pleased to have completed this transaction as we continue to simplify our business, reduce costs and focus on the delivery of the key growth platforms in place. Services and employees have now transitioned smoothly.”
The company will complete the divestment of the Tamworth gas distribution network in early 2026, pending final approvals and licence transfer.
