Alcoa today announced that Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group (DUET) for AU$205 million (~US$154 million). DBP is currently owned 20 percent by Alcoa of Australia and 80 percent by DUET (in aggregate).
As part of the transaction Alcoa of Australia will maintain its current access to approximately 30 percent of the DBNGP transmission capacity for gas supply to its three alumina refineries in Western Australia.
The sale is expected to close in early April. The Company expects to recognize a gain in connection with the sale of between $10 million and $15 million, after-tax and non-controlling interest, or $0.01 per share. Alcoa of Australia expects the net cash impact of the transaction, after estimated fees and taxes, will be approximately US$115 million.
by Type (Liquefaction, Regasification), Modes of Supply (Trucks, Trans-shipment & Bunkering, Others), Application (Heavy-Duty Vehicles, Industrial & Power, Marine Transport, Others) Region
Download free sample pagesAlcoa of Australia is owned 60 percent by Alcoa Inc., and 40 percent by Alumina Limited.
