China Resources Gas to buy AEI China Gas

Hong Kong-listed China Resources Gas Group will pay $237.7 million for Chinese gas distributor AEI China Gas.

China Resources Gas to buy AEI China Gas
China Resources Gas currently has 73 city gas projects in 16 provinces in China

Hong Kong-listed China Resources Gas Group announced yesterday it would buy Chinese gas distributor AEI China Gas for $237.7 million from a group of investors, including Goldman Sachs.

China Resources Gas is a unit of state-owned China Resources Holdings and it said in a statement that the deal will help it further expand its downstream city gas operations in the country. AEI China Gas, which mainly operates city gas pipelines has 28, city gas...

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