Announced

Osaka Gas and JOIN to invest $120m in Atlantic, Gulf & Pacific.

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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