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New Deal


Announced

Orient Group to acquire a 25% stake in United Energy for $723m.

Financials

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Transaction Value£586m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Friendly

Domestic

Public

oil and gas exploration

oil and gas company

Pending

Private

Hong Kong

Integrated Oil and Gas

Acquisition

Single Bidder

Synopsis

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Orient Group, a Chinese conglomerate, agreed to acquire a 25% stake in United Energy, a Chinese oil & gas exploration and production company, for $723m. Orient Group's unit will set up an overseas special purpose vehicle for the planned acquisition, it said in a filing posted on the Shanghai stock exchange.

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