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Announced

Tokyo Gas to acquire a 24% stake in Castleton Resources for $190m.

Financials

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Transaction Value£190m
Consideration TypeCash
Capital Owned46%
Capital Bid For24%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Friendly

United States

Single Bidder

Pipelines

Private

natural gas

Pending

Acquisition

Majority

Synopsis

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Tokyo Gas, a provider of natural gas, agreed to acquire a 24% stake in Castleton Resources, which offers transportation of oil and gas products through pipelines, for $190m. “As US shale gas prices have fallen sharply, we think it is a good time to buy stake in gas assets at a relatively cheap price,” Koji Yoshizaki, Tokyo Gas Senior General Manager.

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