Australia's APA Group soars after Allgas Network stake sale

Reuters
2025.12.18 00:48
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** Shares of APA Group are up as much as 2.8% at A$9.4, their biggest intraday pct gain since Aug 20** Energy infrastructure co to divest 20% stake in Allgas Network** Co's share of the proceeds from sale estimated to be A$64 million ($42.23 million)** Shares hit highest level since Nov 25** YTD, shares up 33.8%($1 = 1.5156 Australian dollars)