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​Duet Group gains full control of Western Australia gas pipeline

( March 31, 2016, 03:53 GMT | Official Statement) -- Mlex Summary: Australian energy utilities company Duet Group has agreed to purchase Alcoa of Australia’s 20-percent stake in the Dampier Bunbury Pipeline in Western Australia for A$205 million ($156.7 million). The acquisition increases Duet’s ownership of the pipeline — said to be the state’s most important piece of energy infrastructure — from 80 percent to 100 percent and gives it control over Dampier Bunbury Pipeline’s regulatory and recontracting strategies. The transaction is expected to close by end of April.The company's statement is attached. ...

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