Natural Gas Utilities

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ENN Energy Holdings Ltd 's subsidiary acquires interest in CA Target

Tuesday, 28 Oct 2014

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 acquires Costar Midstream

Tuesday, 14 Oct 2014

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.

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