BRIEF-BG Group, EXCO Resources to sell JV to Azure Midstream Energy

Thu Oct 17, 2013 6:42am EDT

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Oct 17 (Reuters) - BG Group : * Agreement signed for sale of TGGT * Signed a definitive agreement with azure midstream energy, lp (azure) for the

sale of its entire holding in TGGT * BG Group will receive a net cash consideration of $231 million along with a

$17 million stake in azure * Exco Resources will sell its entire 50% equity holding in TGGT to azure * Completion of the deal expected by year end, subject to regulatory approval

and other customary conditions * Total consideration for the sale of tggt to azure by BG Group and Exco

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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