China’s Guanghui Energy completes acquisition of Kazakhstan’s ACG

19 October 2012 08:04  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Xinjiang-based Guanghui Energy said on Friday it has completed a $200m (€154m) acquisition of a 51% stake in Kazakhstan’s Alga CaspiyGas (ACG) on 18 October.

The deal gives Guanghui Energy 51% interests in the southern Imashevsky oil and gas field in the central Asia country, the Chinese company said in a statement to the Shanghai Stock Exchange.

Guanghui Energy engages primarily in petroleum, coal, coal chemical and natural gas businesses in China.

($1 = €0.77)

By: Fanny Zhang
+65 6780 4359

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