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

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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