Natural Gas Utilities
China Oil and Gas Group Ltd announces acquisition of 100 pct. equity interest in n oil and gas producing company in Canada
China Oil and Gas Group Ltd:Referred to the announcement of the company dated June 20, in relation to acquisition of 100 pct. equity interest in Baccalieu Energy Inc., the target company.Unless otherwise defined, capitalised term used in this announcement shall have same meanings as those defined in announcement.Says that all conditions precedent under arrangement agreement have been fulfilled and all related procedural registration matters have also been completed, and the target company has become an indirect wholly owned subsidiary of the company.
American Midstream Partners LP executes agreement to acquire assets from DCP Midstream, LLC for $115 Million
American Midstream Partners LP:Says execution of a Purchase and Sale Agreement with an affiliate of DCP Midstream, LLC to acquire entities holding onshore natural gas processing and offshore natural gas gathering and transportation and oil gathering assets for consideration of about $115 million.Says the acquisition complements American Midstream's High Point system located in Southeast Louisiana, and improves AMID's ability to compete for increased shallow-water and deep-water production from new drilling in the prolific oil and gas eastern region of the Gulf of Mexico.Says the acquisition is expected to be funded through the private placement of American Midstream common units.Says the acquisition is expected to close in Aug. 2014.The assets to be acquired include the Mobile Bay gas processing plant, Dauphin Island gathering and transmission system, and DCP's interest in the Main Pass Oil Gathering System.
Exterran Partners LP:Exterran Partners has entered into an agreement to acquire natural gas compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corporation, for about $135 million.The assets to be acquired include 162 compression units, with a total horsepower of about 110,000.
UGI Corp:Reaches agreement in principle to acquire Total`s liquefied petroleum gas (LPG) distribution business in France.For price of about 400-450 mln euros, subject to legally required employee information and consultation procedures and regulatory approvals.
Regency Energy Partners LP closes on acquisition of Midstream Business of Eagle Rock Energy Partners L P
Regency Energy Partners LP:Announced that it has closed on its previously announced acquisition of the midstream business of Eagle Rock Energy Partners, LP for a combination of cash, Regency common units and assumption of indebtedness.Issued about 8.2 million Regency common units to Eagle Rock and assumed about $500 million of outstanding Eagle Rock senior notes and exchanged those notes into Regency senior notes.
Envestra Ltd:Enters bid implementation agreement with consortium comprising Cheung Kong (Holdings) Ltd, Cheung Kong Infrastructure Holdings Ltd and Power assets Holdings Ltd (together the Consortium) and CK ENV Investments Pty Ltd, an entity jointly owned by the Consortium (Consortium Bidco).Consortium Bidco has agreed to make a conditional off-market takeover bid to acquire all of Envestra's shares for cash consideration os A$1.32 per Envestra share.Goldman Sachs is financial adviser.Johnson Winter & Slattery is legal adviser to Envestra.
Lietuvos Dujos AB:Receives a notification from the company’s shareholder Lietuvos Energija UAB about the decision of the Bank of Lithuania to approve the circular of a mandatory takeover bid to buy out the remaining ordinary registered voting shares of the company.The takeover bid price is 0.653 euros (corresponding to 2.255 Lithuanian litas) per 1 ordinary registered share of the company.Start of the implementation of the takeover bid is June 2 and end June 16.The broker implementing the takeover bid is DNB bankas AB.
Amber Grid AB:Receives a notification from the company’s shareholder EPSO-G UAB about the decision of the Bank of Lithuania to approve the circular of a mandatory takeover bid to buy out the remaining ordinary registered voting shares of the company.The takeover bid price is 0.762 euros (about 2.63 Lithuanian litas) for 1 ordinary registered share of the company.Start of the implementation of the takeover bid is June 2 and end June 16.The broker implementing the takeover bid is SEB bankas AB.
Lietuvos dujos AB:Says that on May 22 it received the notification from Lietuvos Energija UAB on the intention to submit a mandatory takeover bid to buy up the remaining 126,112,962 ordinary registered non-certificated shares of the company with par value of 1 Lithuanian lita.On May 21 Lietuvos Energija UAB acquired 113,118,140 ordinary shares of the company and increased the amount of shares to 164,572,778, which grant 56.6152 percent of the votes in the general shareholders meeting of the company.Whereas Lietuvos Energija UAB crossed the limit of 1/3 of the votes at the general shareholders meeting it intends to submit a takeover bid regarding the remaining 126,112,962 shares of the company, which grant 43.3848 percent of the votes in the general shareholders meeting.
Amber Grid AB:Says that on May 21 it received the notification from UAB EPSO-G on the intention to submit a takeover bid to buy up the remaining 77,390,557 ordinary registered non-certificated shares of the company with par value of 1 Lithuanian lita.On May 21 UAB EPSO-G acquired 69,416,233 and increased the amount of its shares of the company to the amount of 100,991,957 shares, which grant 56.6 percent of the votes in the general shareholders meeting of the company.Whereas UAB EPSO-G crossed the limit of 1/3 of the votes at the general shareholders meeting of the company, UAB EPSO-G intends to submit a takeover bid regarding the remaining 77,390,557 shares of the company, which grant 43.4 percent of the votes.For the shares of the company which will be bought-up during the takeover bid it is intended to settle in cash.