Natural Gas Utilities
CitySpring Infrastructure Trust:CitySpring Infrastructure Management Pte. Ltd. (CSIM), as trustee-manager of CitySpring Infrastructure Trust (CIT), agrees to combine CIT with Keppel Infrastructure Trust (KIT).KIT also agreed to acquire a 51 pct stake in Keppel Merlimau Cogen Pte Ltd (KMC), which owns a 1,300 mega watt combined cycle gas turbine generation facility on Jurong Island, Singapore.Says for a cash consideration of S$510 mln based on an enterprise valuation of S$1,700 mln.The KMC acquisition forms an integral part of the combination.Immediately after combination, but before proposed equity fund raising exercise to finance the KMC acquisition, the combined trust will be owned 53.4 pct and 46.6 pct by CIT and KIT unitholders, respectively.Keppel Corporation Limited through wholly-owned subsidiary, Keppel Infrastructure Holdings Pte. Ltd. (KI), will become unitholder with about 22.9 pct of combined trust, and.Says Temasek Holdings (Private) Limited through wholly-owned subsidiaries, will become second unitholder with about 19.97 pct of Combined Trust.
EnLink Midstream Partners LP and EnLink Midstream, LLC:Completes previously announced acquisition of Gulf Coast natural gas pipeline assets including Bridgeline system (natural gas assets) from Chevron Pipe Line Company and Chevron Midstream Pipelines LLC.
ENN Energy Holdings Ltd:Says subsidiary entered into sale and purchase agreements with ENN Transportation Fuels S.À .R.L.Pursuant to which ENN Transportation Fuels S.À .R.L has agreed to sell, and ENN Gas North America Investment Ltd has agreed to purchase, CA Target Interests for consideration of $20 mln.ENN Transportation Fuels S.À .R.L has agreed to sell, and ENN Gas North America Investment has agreed to purchase, US Target interests for consideration of $180 mln.
American Midstream Partners, LP:Acquires Costar Midstream LLC (Costar) from Energy Spectrum Partners VI LP and Costar management for about $470 million.Costar is an onshore gathering and processing company with its primary gathering, processing, fractionation, and off-spec condensate treating and stabilization assets in East Texas and the prolific Permian basin.Says acquisition was funded with 6.9 million American Midstream common units issued directly to Energy Spectrum and Costar senior management, and $272 million of cash from borrowings under the Partnership's revolving credit facility and proceeds from the August 2014 private placement of common units.Says acquisition closed Oct. 14.
Targa Resources Partners LP and Targa Resources Corp. to acquire Atlas Pipeline Partners, L.P. and Atlas Energy, L.P
Targa Resources Partners LP and Targa Resources Corp:To Acquire Atlas Pipeline Partners, L.P. and Atlas Energy, L.P.Targa Resources to acquire ATLS following the spin-off by ATLS of its non-midstream assets for total consideration of $1.869 bln.Targa Resources Partners will acquire Atlas Pipeline Partners for total consideration of $5.8 bln.Evercore Partners acted as financial advisor to Targa Resources Partners and the special committee of the Targa Resources Partners' Board of Directors.Richards, Layton & Finger served as legal counsel to the special committee of the Board of Directors of the general partner of Targa Resources Partners.Wells Fargo Securities, LLC acted as financial advisor to Targa Resources Corp. and Vinson & Elkins LLP acted as legal counsel for the Partnership and the Company.BofA Merrill Lynch is providing committed financing to Targa Resources for the transaction.
Daesung Industrial Co Ltd:To acquire land and building measured 22,687.89 square meters in Giheung-gu.Transaction price is 141,912,751,950 won.Expected transaction settlement date of April 2, 2017.
EnLink Midstream Partners LP and EnLink Midstream LLC:Says that a subsidiary of the Partnership has signed a definitive agreement with Chevron Pipe Line company and Chevron Midstream Pipelines LLC to acquire Gulf Coast natural gas pipeline assets including the Bridgeline system predominantly located in Southern Louisiana for $235 mln.
Gas Malaysia Bhd:Acquires two ordinary shares one ringgit each, representing entire issued and paid-up share capital of Gas Malaysia Venture 1 Sdn. Bhd, for total cash consideration of two ringgit.GMV1 shall serve as an investment holding company.