Natural Gas Utilities
Lietuvos Dujos AB:Reorganization terms of Lesto and Lietuvos Dujos says companies are reorganised by way of merger.Meetings of boards of AB Lesto and Lietuvos Dujos held on August 31 discussed and approved draft reorganization terms of AB Lesto.After merger establishment of a new company with name of AB Energijos Skirstymo Operatorius.Shares of Lesto And Lietuvos Dujos will be exchanged for shares of ESO, company to be active after reorganization.Intended commencement of ESO's activities after merger to be January 1, 2016.
Southern Co:To acquire AGL Resources in $12 billion transaction, creating leading U.S. electric and gas utility.Says AGL Resources shareholders to receive $66 per share.Says transaction expected to be accretive to Southern Company earnings per share in first year.Transaction has an enterprise value of about $12 billion, including a total equity value of about $8 billion.For Southern Co transaction is anticipated to be accretive to EPS in the first full year following the close of the transaction.Says companies expect to complete the transaction in the second half of 2016.Says transaction will accelerate expected long-term EPS growth to 4-5 percent.Committed financing from Citigroup global markets inc. and plans to put long-term financing in place prior to the closing of deal.Says after closing, AGL Resources will continue to maintain its own management team and board of directors.Says AGL Resources will continue to maintain its own corporate headquarters, which for AGL Resources is in Atlanta.
Grandblue Environment Co., Ltd:To acquire 100 pct stake in a Foshan-based environmental engineering company.Transaction price of 126.75 mln yuan.
UGI Corporation:Completed the previously announced acquisition of Total's liquefied petroleum gas (LPG) distribution business in France for 423 mln euros.Says acquisition nearly doubles UGI's retail distribution in France to about 500 mln gallons annually.company expects the transaction to be $0.14 to $0.18 per share dilutive for fiscal 2015 due to customary transaction expenses and the impact of acquiring the business during the non-core summer months.Transaction will be accretive in fiscal 2016 and beyond.
JP Energy Partners LP:Has completed the previously announced acquisition of substantially all of the assets of Southern Propane Inc.The $14.9 million acquisition is expected to be immediately accretive to JP Energy's distributable cash flow per unit and was funded from JP Energy's revolving credit facility and the issuance of about 267,000 JPEP units.
Enable Midstream Partners LP:On May 1, it completed acquisition of $80 million of strategic natural gas gathering assets in the Texas Panhandle from Monarch Natural Gas, LLC.The assets are underpinned by long-term dedication of 35,000 net acres from a producer who is a current Enable Midstream customer.The acquisition is immediately accretive to Enable Midstream.
JP Energy Partners announces acquisition of Southern Propane, Inc and new silver dollar pipeline system interconnection agreement with Magellan Midstream Partners, L.P.
JP Energy Partners LP:To acquire substantially all of the assets of Southern Propane Inc for about $14.9 mln.Acquisition is expected to close before the end of the second quarter of 2015 and will be funded through the use of cash from JP Energy's revolving credit facility and the issuance of about 267,000 JPEP units.Also executes an interconnection agreement with an affiliate of Magellan Midstream Partners, L.P.To connect its Silver Dollar Pipeline System to Magellan's Longhorn pipeline at Barnhart Terminal in Crockett County, TX.Connection is expected to be in service by the third quarter of 2015.
EnLink Midstream Partners completes acquisition of Victoria Express Pipeline in Dropdown Transaction with Devon Energy
EnLink Midstream Partners:Completed the acquisition of the Victoria Express Pipeline and related truck terminal and storage assets (VEX) from Devon Energy Corporation.Transaction is expected to be immediately accretive to the Partnership.
Chesapeake Utilities Corp:Completes merger of Gatherco Inc into Aspire Energy of Ohio, LLC , its newest wholly-owned subsidiary.Transaction had an aggregate value of about $59.2 million.