Natural Gas Utilities

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American Midstream acquires Costar Midstream

Tuesday, 14 Oct 2014 01:50pm EDT

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

Monday, 13 Oct 2014 07:40am EDT

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.

Shanghai Dazhong Public Utilities (group) Co Ltd to set up joint venture

Sunday, 12 Oct 2014 08:00pm EDT

Shanghai Dazhong Public Utilities (group) Co Ltd:To invest 200 mln yuan to set up a financial leasing joint venture in Shanghai, with Fretum Construction & Engineering Enterprise Limited, Dazhong Transportation (Group) Co Ltd and top shareholder, a Shanghai-based managing company.To hold 40 pct stake in joint venture.Fretum Construction & Engineering Enterprise Limited to hold 25 pct stake in joint venture.Dazhong Transportation (Group) Co Ltd to hold 20 pct stake in joint venture.

Gazprom Gazoraspredeleniye Saratovskaya Oblast' OAO appoints chairman

Friday, 10 Oct 2014 10:48am EDT

Gazprom Gazoraspredeleniye Saratovskaya Oblast' OAO:Appoints Evgeny Anatolevich Dmitriev to the post of chairman of the board of directors.

JP Energy Partners LP announces closing of initial public offering of common units - Form 8-K

Tuesday, 7 Oct 2014 04:16pm EDT

JP Energy Partners LP:Completes its initial public offering of 13,750,000 common units representing limited partner interests in the Partnership, at $20.00 per Common Unit.Says on Oct. 1, 2014, Partnership entered into an underwriting agreement by and among the Partnership, JP Energy GP II LLC, a Delaware limited liability company, certain subsidiaries of the Partnership party thereto.Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters named, providing for the offer and sale by the Partnership and purchase by the Underwriters, of the Common Units.Pursuant to the Underwriting Agreement, the Partnership also granted the Underwriters an option for a period of 30 days to purchase up to an additional 2,062,500 common units on the same terms.

Atonline Limited sells its stake in Kurganoblgaz OAO

Monday, 6 Oct 2014 05:31am EDT

Kurganoblgaz OAO:Atonline Limited decreased its stake to 0 pct from 5.70pct.Date of change in shareholding Sept. 19.

Daesung Industrial announces rights issue

Thursday, 2 Oct 2014 04:52am EDT

Daesung Industrial Co Ltd:Rights issue of 20,000,000 common shares of par value 5,000 won each.Issue price of 10,450 won per share, for proceeds of 209,000 mln won.Says employee stock ownership association's preferred right to purchase the new shares at an allocation rate of 20 pct on Dec. 17.Shareholders of record on Dec. 15 will have rights to purchase 0.55921151 rights share for each share held during Jan. 26, 2015 to Jan. 27, 2015.Listing date of Feb. 13, 2015 for the new shares.

JP Energy Partners LP prices initial public offering

Wednesday, 1 Oct 2014 05:35pm EDT

JP Energy Partners LP:Prices initial public offering of 13,750,000 common units representing limited partner interests in JPE at $20.00 per common unit.JPE has granted underwriters an option to purchase up to an additional 2,062,500 common units at initial public offering price.The common units are expected to begin trading on New York Stock Exchange under the ticker symbol JPEP.The offering is expected to close on Oct. 7 subject to customary closing conditions.Upon closing of offering, public will own an about 37.7 pct limited partner interest in JPE, or an about 43.4 pct limited partner interest if underwriters exercise, in full, their option to purchase additional common units.Barclays, BofA Merrill Lynch, RBC Capital Markets and Deutsche Bank Securities are acting as joint book-running managers for offering, and BMO Capital Markets, Baird, Simmons & Company International, Stephens Inc., and Janney Montgomery Scott are acting as co-managers for the offering.


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