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

Synopsis

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.

Principals

target

Castleton Resources

bidder

Tokyo Gas Co

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Market Context

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Seller Team (1)

craig jarchow

President and CEO at CASTLETON RESOURCES

Manager

target

Deals

£ 378 M

Total Value

Bidder Team (1)

koji yoshizaki

Senior General Manager at TOKYO GAS CO LTD

Manager

bidder

Deal

£ 190 M

Total Value

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