UPDATE 1-Apache exits Australia E&P operations with $2.1 bln sale

April 8, 2015 9:54 PM

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April 8 (Reuters) - U.S. oil and gas company Apache Corp said it would exit its exploration and production business in Australia by selling its unit in the country to a consortium of private equity funds for $2.1 billion in cash.

The sale of Apache Energy Ltd to a consortium of funds managed by Macquarie Capital Group Ltd and Brookfield Asset Management Inc has an effective date of Oct. 1, 2014, Apache said.

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