China Gas Holdings, one of the nation's largest city-gas distributors, has agreed to pay US$400 million for the gas assets of London-listed petroleum and gas distributor Fortune Oil, in the latest industry consolidation deal.
China Gas has agreed to pay Fortune US$340 million for its 85 per cent stake in the gas assets, and pay US$60 million for the remaining 15 per cent held by Singapore-listed edible oil and sugar producer Wilmar International. Reported by S.China Morning Post 2 hours ago.
China Gas has agreed to pay Fortune US$340 million for its 85 per cent stake in the gas assets, and pay US$60 million for the remaining 15 per cent held by Singapore-listed edible oil and sugar producer Wilmar International. Reported by S.China Morning Post 2 hours ago.