Utilities - Natural Gas
GAIL (India) Ltd:Is in talks to buy a stake in the Tanzanian assets of British oil explorer Ophir Energy Plc, the Indian company's marketing head said-Reuters.
CitySpring Infrastructure Trust's subsidiary completes Acquisition Of Opennet Pte. Ltd. by Netlink Trust
CitySpring Infrastructure Trust:Says that CityNet Infrastructure Management Pte. Ltd., a wholly-owned subsidiary of the company, in its capacity as trusteemanager of NetLink Trust, has duly completed the acquisition of OpenNet Pte. Ltd.
AK&M reported that TEK Mosenergo OAO, a subsidiary of Mosenergo OAO, has increased its stake in Trest Gidromontazh OAO to 73.75% from 33.54%.
OSAKA GAS CO LTD announced that its wholly owned subsidiary, Osaka Gas Chemicals Co., Ltd., will acquire Jacobi Carbons AB, for USD 392 million (approximately JPY 38.3 billion), from AddSorb Holding AB.
Reuters reported that GAIL (India) Ltd plans to buy 19 cargoes of liquefied natural gas (LNG) by March, out of which nine will be bought from the spot market, its chairman said.
Regency Energy Partners LP and PVR Partners, L.P. announced that their respective boards of directors have unanimously approved a definitive merger agreement, pursuant to which Regency will acquire PVR. This acquisition will be a unit-for-unit transaction plus a one-time cash payment to PVR unitholders that collectively imply a value for PVR of approximately $5.6 billion, including the assumption of net debt of $1.8 billion. The transaction is expected to close in the first quarter of 2014.
UGI Corp announced that its subsidiary, Flaga GmbH, has completed the acquisition of the liquefied petroleum gas (LPG) distribution business of BP in Poland. BP`s Polish LPG business distributed over 150 million gallons of LPG in 2012 serving the residential, commercial, autogas, and wholesale segments. UGI`s International Propane business distributed over 600 million gallons of LPG throughout Europe in fiscal 2012. The transaction was first announced in November 2012 and received regulatory approval in August 2013. Terms of the transaction were not disclosed.
Laclede Gas Co announced that it has completed its $975 million purchase of the assets of Missouri Gas Energy (MGE) from a subsidiary of Energy Transfer Partners, L.P. effective September 1, 2013.
Daesung Group Partners Co Ltd announced that it has decided to acquire 8,662,790 shares of DAESUNG INDUSTRIAL CO., LTD., which is engaged in the distribution of liquid fuels and related products, for KRW 44,699,996,400 in DAESUNG's private placement, to adjust subsidiary's financial structure. The transaction is expected to be settled on September 12, 2013. After that, Daesung Group Partners Co Ltd will hold a 71.51% stake in DAESUNG INDUSTRIAL CO., LTD., by holding 20,462,679 shares.