Announced
Financials
Sources
Tags
LNG portfolio
Integrated Oil and Gas
United States
Acquisition
Cross Border
Minority
Private
Private Equity
Pending
Friendly
Single Bidder
Synopsis
Mitsubishi, a global integrated business enterprise that develops and operates businesses, agreed to invest in EIG-backed MidOcean Energy, a global liquefied natural gas company. Financial terms were not disclosed. "We are thrilled to have Mitsubishi Corp join as an anchor investor in MidOcean Energy. Mitsubishi Corp has been a pioneer of the global LNG industry and has consistently demonstrated its expertise and foresight in identifying valuable opportunities. Their investment is a testament to the strong fundamentals of the LNG market and MidOcean’s strategy to create a competitive long-term growth platform in LNG for its investors," De la Rey Venter, MidOcean Energy CEO.
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