Announced
Financials
Tags
energy and gas
Single Bidder
Private
Gas Distribution
Domestic
Friendly
Acquisition
Pending
gas distribution
South Korea
Private Equity
Minority
Synopsis
Macquarie Group, an investment firm, agreed to acquire Sorabol City Gas and Haeyang Energy, two providers of gas distribution services, from Korea Energy Holdings, a provider of financial services, for $714m. Following the acquisition, Macquarie Group will own 16 portfolio companies associated with Korea’s infrastructure assets such as toll roads, a harbor and a subway line.
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