Edition:
United States

Natural Gas Utilities

Page 1

Tianjin Jinran Public Utilities entered into wealth management agreement

Wednesday, 22 Feb 2017 07:18am EST

Tianjin Jinran Public Utilities Co Ltd <1265.HK> : Company entered into wealth management agreement . Agreement to subscribe for shanghai pudong development bank wealth management product for RMB200 million .Company utilised certain idle funds for payment of subscription amount under wealth management agreement.

Delta Natural Gas to be acquired by Peoples Gas

Tuesday, 21 Feb 2017 07:40am EST

Delta Natural Gas Company Inc : Delta Natural Gas enters agreement to be acquired by Peoples Gas . Delta Natural Gas Company Inc - Delta shareholders will receive $30.50 in cash per Delta share . Delta Natural Gas Company Inc says prior to closing, transaction is expected to have no impact on Delta's dividend . Delta Natural Gas Company Inc - following close of transaction, Delta will be a wholly-owned subsidiary of PNG Companies Llc . Delta Natural Gas Company Inc - Delta shareholders will continue to receive dividends at an annualized rate of $0.83 per share until closing . Delta Natural Gas Company Inc - Peoples plans to increase Delta's investments in infrastructure improvement projects . Existing employees are planned to continue with Delta after merger .Delta Natural Gas Company - following close of deal, one member of Delta's board to be independent representative of Delta's constituents' interests.

Oneok says oneok partners must pay termination fee of up to $300 mln

Wednesday, 1 Feb 2017 05:43pm EST

Oneok Inc :Oneok Inc - Oneok Partners must pay Oneok a termination fee of up to, in certain instances, $300 million.

Oneok to buy rest of Oneok Partners for $9.3 bln

Wednesday, 1 Feb 2017 06:44am EST

Oneok Inc : Oneok announces agreement to acquire remaining public stake in Oneok partners in a transaction valued at $17.2 billion . Says oneok will acquire all of outstanding common units of oneok partners it does not already own for $9.3 billion in oneok common stock . Oneok announces agreement to acquire remaining public stake in oneok partners in a transaction valued at $17.2 billion . Oneok - deal to be immediately accretive, and then double-digit accretive to oneok's distributable cash flow (dcf) in all years from 2018 through 2021 . Oneok inc -each outstanding common unit of oneok partners that oneok does not already own will be converted into .985 shares of oneok common stock . Says oneok does not expect to pay cash income taxes through at least 2021 . Oneok inc - as a result of transaction, oneok's annual dcf is expected to approximately double . Says following close of transaction, oneok is expected to have a more than $30 billion enterprise value . Oneok inc - oneok will acquire all of outstanding common units of oneok partners it does not already own for $9.3 billion in oneok common stock . Oneok inc - upon completion of transaction, oneok does not expect to pay cash income taxes through at least 2021 . Oneok inc - management intends to recommend to oneok board a 21 percent increase in first quarterly dividend following completion of transaction.

Gas Natural Inc shareholders approve merger with First Reserve

Wednesday, 28 Dec 2016 03:26pm EST

Gas Natural Inc : Gas Natural Inc. Shareholders approve merger with first reserve . Gas Natural Inc - Gas Natural and First Reserve continue to expect to complete transaction in second half of 2017 .Gas Natural Inc - over 73.0 percent of outstanding shares voted, with 98.2 percent approving proposed merger.

Amber Grid buys 34% stake in UAB GET Baltic

Friday, 23 Dec 2016 09:00am EST

Amber Grid Ab : Is acquiring from Gasum Oy a 34 pct stake in UAB GET Baltic .Value of transaction amounts 320,569 euros ($334,321).

Beijing Enterprises granted HK$1.94 bln term loan facility by bank

Wednesday, 7 Dec 2016 03:34am EST

Beijing Enterprises Holdings Ltd <0392.HK>: Loan facility in amount of HK$1.94 billion .On 7 December 2016, Beijing Enterprises Holdings as borrower entered into a term loan facility with a bank.

China Oil and Gas says unit enters into concession right agreement

Friday, 18 Nov 2016 07:48am EST

China Oil and Gas Group Ltd <0603.HK> : Company through one of its subsidiaries, entered into a concession right agreement . Deal with housing and urban-rural development committee of xiantao city .Xiantao housing and urban-rural development committee of xiantao city agreed to grant company piped gas concession right for term of 25 years.

Beijing Enterprises Holdings says unit enters agreement with Rosneft Oil Company

Tuesday, 8 Nov 2016 05:04pm EST

Beijing Enterprises Holdings Ltd <0392.HK> : Purchaser (being a wholly-owned subsidiary of company), entered into agreement . Deal for headline price of us$1,100 million . Purchaser is Beijing Gas Group Co Ltd, which is a wholly-owned subsidiary of company . Rosneft Oil Co shall sell aggregate of 6.9 million ordinary shares representing approximately 20% of share capital of target co .Seller is Rosneft Oil Company, a public joint stock company incorporated under laws of Russian federation.

China Gas Holdings says general partner and limited partners enters limited partnership agreement

Wednesday, 26 Oct 2016 04:56am EDT

China Gas Holdings Ltd <0384.HK> : General partner and limited partners entered into limited partnership agreement in relation to formation of fund . Fund is expected to have an aggregate capital commitment of up to rmb10.02 billion . Fund shall focus on investing in company's 4g (png, lng, cng and lpg) energy projects . Subsidiary entered into equity transfer agreement with investor's gp for transfer of 30% of equity interest in general partner .Equity transfer agreement with investor's gp for transfer of 30% of equity interest in general partner from unit investor's gp at rmb6 million.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary