APA Announces The Sale Of Non-Core Properties By Apache And Subsidiaries Will Aggregate Proceeds Over $700M
Portfolio Pulse from Benzinga Newsdesk
APA Corporation announced that its subsidiary, Apache, along with other subsidiaries, will sell non-core properties, generating proceeds of over $700 million.
May 20, 2024 | 8:19 pm
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APA Corporation's sale of non-core properties by Apache and its subsidiaries is expected to generate over $700 million in proceeds. This move could positively impact APA's financial position by providing additional liquidity and potentially reducing debt.
The sale of non-core properties will provide APA Corporation with significant proceeds, enhancing its liquidity position. This could be used to reduce debt or invest in core operations, which is likely to be viewed positively by investors.
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