APA Group (ASX:APA) has tapped investment bank Macquarie and law firm King & Wood Mallesons as part of its efforts to buy the Basslink Interconnector. APA is understood to be in talks with the owner of the undersea cable, Keppel Infrastructure Trust (SGX:A7RU), after DataRoom revealed it was in the crosshairs of a suitor, tipped to be APA. The group confirmed in a statement to the ASX on August 31, 2021 that it was in exclusive talks to buy the interconnector.

"APA has submitted a confidential, conditional and incomplete proposal to Keppel Infrastructure Trust regarding the potential acquisition," it said. "While APA is in exclusive discussions, those discussions are ongoing and incomplete and no definitive agreement has been reached between the parties in relation to any transaction".