QIC’s Global Infrastructure Fund1, has successfully entered into a Scheme Implementation Deed with Pacific Energy Limited (“Pacific Energy”), pursuant to which it is seeking to acquire 100% of the shares of Pacific Energy. QIC’s offer has the unanimous support of the Pacific Energy Board² and remains subject to various conditions including approval by Pacific Energy's shareholders.
Please view the public announcement recently released by Pacific Energy here.
Our track record as a long-term investor in the energy and renewables sector combined with our experience investing in and managing long-established businesses, places us in an ideal position drive the future success of Pacific Energy.
¹ The Scheme Implementation Deed was entered into by QGIF Swan Bidco Pty Ltd, a subsidiary of funds managed or advised by QIC Private Capital Pty Ltd including the QIC Global Infrastructure Fund.
2 In the absence of a superior proposal and subject to the independent expert concluding the transaction is in the best interests of Pacific Energy's shareholders.
Media Contact:
Carden Calder
Spokesperson, QIC (Asia Pacific)
Managing Director, BlueChip Communication
T: +61 2 9018 8601 / +61 403 333 904
E: carden@bluechipcommunication.com.au
Caroline Gentile
Spokesperson, QIC (U.S.)
CNG Consulting LLC
T: +917 692-5730
E: caroline@carolinegentile.com