Apache seeks sale of $2 billion in assets

02/14/2013 | Bloomberg Businessweek

Apache seeks to sell $2 billion worth of properties after an acquisition spree from 2010 to 2012 increased the company's assets and its debt. "Having acquired $16 billion of assets over the past three years and strengthening our asset base, we have been in the process of reviewing our overall portfolio," said Steven Farris, the company's chairman and CEO. Apache may lessen its debt from the sales' proceeds, he said.

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