Announced
Financials
Sources
Tags
Private Equity
Pending
Single Bidder
Gas Distribution
gas distribution
Singapore
Minority
Acquisition
Cross Border
Private
Friendly
Synopsis
Osaka Gas, a Japanese gas company, and JOIN, an investment company, agreed to invest $120m in Atlantic, Gulf & Pacific, a Singapore-based company that is developing twelve city gas distribution networks, or concessions, in India under the brand name AG&P Pratham. "As an existing investor in AG&P’s parent, Osaka Gas has continued to demonstrate its support for AG&P’s downstream LNG and natural gas business. We are honored to welcome JOIN. The stability and strength of JOIN and the technical and commercial expertise of Osaka Gas and its long history in city gas will accelerate the smart deployment of our network across our concessions in India," Joseph Sigelman, AG&P Chairman and CEO.
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