Natural Gas Utilities

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Proposes combination of CitySpring Infrastructure Trust and Keppel Infrastructure Trust

Tuesday, 18 Nov 2014 04:55am EST

CitySpring Infrastructure Trust:CitySpring Infrastructure Management Pte. Ltd. (CSIM), as trustee-manager of CitySpring Infrastructure Trust (CIT), agrees to combine CIT with Keppel Infrastructure Trust (KIT).KIT also agreed to acquire a 51 pct stake in Keppel Merlimau Cogen Pte Ltd (KMC), which owns a 1,300 mega watt combined cycle gas turbine generation facility on Jurong Island, Singapore.Says for a cash consideration of S$510 mln based on an enterprise valuation of S$1,700 mln.The KMC acquisition forms an integral part of the combination.Immediately after combination, but before proposed equity fund raising exercise to finance the KMC acquisition, the combined trust will be owned 53.4 pct and 46.6 pct by CIT and KIT unitholders, respectively.Keppel Corporation Limited through wholly-owned subsidiary, Keppel Infrastructure Holdings Pte. Ltd. (KI), will become unitholder with about 22.9 pct of combined trust, and.Says Temasek Holdings (Private) Limited through wholly-owned subsidiaries, will become second unitholder with about 19.97 pct of Combined Trust.

EnLink Midstream Partners LP completes acquisition of Gulf Coast Natural Gas Pipeline Assets

Monday, 3 Nov 2014 08:00am EST

EnLink Midstream Partners LP and EnLink Midstream, LLC:Completes previously announced acquisition of Gulf Coast natural gas pipeline assets including Bridgeline system (natural gas assets) from Chevron Pipe Line Company and Chevron Midstream Pipelines LLC.


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