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KKR-Led Group Inks $3.7 Billion Deal to Buy Australia’s Spark
Spark Infrastructure Group agreed to a takeover offer from consortium led by KKR & Co. valuing the A
KKR-Led Group Inks $3.7 Billion Deal to Buy Australia’s Spark
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Papua New Guinea resumes talks with Exxon on gas agreement
Aug 23 (Reuters) - The Papua New Guinea government and U.S. oil giant Exxon Mobil intend to re-engag
Papua New Guinea resumes talks with Exxon on gas agreement
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09:26","market":"us","language":"en","title":"KKR-Led Group Inks $3.7 Billion Deal to Buy Australia’s Spark","url":"https://stock-news.laohu8.com/highlight/detail?id=1195375114","media":"Bloomberg","summary":"Spark Infrastructure Group agreed to a takeover offer from consortium led by KKR & Co. valuing the A","content":"<p>Spark Infrastructure Group agreed to a takeover offer from consortium led by KKR & Co. valuing the Australian energy company at about A$5.2 billion ($3.7 billion).</p>\n<p>The private equity firm and its partners offered A$2.95 per share in a scheme-of-arrangement deal for the Sydney-based company, according to an exchange filing Monday. 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The deal, which was unanimously recommended by Spark’s board of directors, confirmed a Bloomberg News report Sunday that the parties were nearing an agreement.\nThe consortium also includes Canadian investors Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board, according to the filing. Meetings for Spark shareholders to vote on the deal are expected to be held by the end of the year.\nThe takeover caps weeks of due diligence by the investment funds, following an offer that started at A$2.70 per share, and was raised to A$2.80 before the firms put forward the proposal for A$2.95 per share late last month.\nSpark Infrastructure shares were trading at A$2.825 on Monday at 10:33 a.m. in Sydney, after jumping as much as 2.5%. They have risen 34% this year to date.\nIts assets consist of a portfolio of minority stakes in other electricity transmission and distribution businesses in Australia, including 49% holdings in both South Australia’s electricity distribution network and Victoria Power Networks Pty, and a 15% interest in the TransGrid high-voltage electricity transmission network. It also owns the Bomen Solar Farm Pty in New South Wales.\nSpark’s financial year 2021 results are scheduled to be released on Tuesday.","news_type":1,"symbols_score_info":{"KKR":0.9}},"isVote":1,"tweetType":1,"viewCount":1579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835076150,"gmtCreate":1629682567570,"gmtModify":1676530096274,"author":{"id":"4089986607766510","authorId":"4089986607766510","name":"Blackops","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089986607766510","idStr":"4089986607766510"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/835076150","repostId":"2161740394","repostType":4,"repost":{"id":"2161740394","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1629682168,"share":"https://ttm.financial/m/news/2161740394?lang=&edition=fundamental","pubTime":"2021-08-23 09:29","market":"us","language":"en","title":"Papua New Guinea resumes talks with Exxon on gas agreement","url":"https://stock-news.laohu8.com/highlight/detail?id=2161740394","media":"Reuters","summary":"Aug 23 (Reuters) - The Papua New Guinea government and U.S. oil giant Exxon Mobil intend to re-engag","content":"<p>Aug 23 (Reuters) - The Papua New Guinea government and U.S. oil giant Exxon Mobil intend to re-engage in negotiations on the P’nyang project, nearly two years after their talks came to a standstill, Oil Search Ltd announced on Monday.</p>\n<p>In November 2019 the country's government had flagged a standoff in talks with Exxon Mobil tied to a $13 billion gas expansion, saying the U.S. oil giant was unwilling to negotiate on the country’s terms.</p>\n<p>PNG Minister for Petroleum, Kerenga Kua said if all goes well, \"we can expect to sign a P'nyang Heads of Agreement around the end of this next month and a Gas Agreement thereafter.\"</p>\n<p>\"We look forward to further progress in these negotiations and will support the PRL3 Operator through our 38.51% interest in the joint venture,” said Diego Fettweis, Oil Search’s executive vice president for commercial.</p>\n<p>Earlier this month, Oil Search announced its intention to recommend a buyout offer from Santos Ltd, worth A$8.4 billion ($5.99 billion), in a deal that would create a top-20 global oil and gas company.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Papua New Guinea resumes talks with Exxon on gas agreement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPapua New Guinea resumes talks with Exxon on gas agreement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-23 09:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Aug 23 (Reuters) - The Papua New Guinea government and U.S. oil giant Exxon Mobil intend to re-engage in negotiations on the P’nyang project, nearly two years after their talks came to a standstill, Oil Search Ltd announced on Monday.</p>\n<p>In November 2019 the country's government had flagged a standoff in talks with Exxon Mobil tied to a $13 billion gas expansion, saying the U.S. oil giant was unwilling to negotiate on the country’s terms.</p>\n<p>PNG Minister for Petroleum, Kerenga Kua said if all goes well, \"we can expect to sign a P'nyang Heads of Agreement around the end of this next month and a Gas Agreement thereafter.\"</p>\n<p>\"We look forward to further progress in these negotiations and will support the PRL3 Operator through our 38.51% interest in the joint venture,” said Diego Fettweis, Oil Search’s executive vice president for commercial.</p>\n<p>Earlier this month, Oil Search announced its intention to recommend a buyout offer from Santos Ltd, worth A$8.4 billion ($5.99 billion), in a deal that would create a top-20 global oil and gas company.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚","NGD":"New Gold","OSH.AU":"OIL SEARCH LIMITED"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2161740394","content_text":"Aug 23 (Reuters) - The Papua New Guinea government and U.S. oil giant Exxon Mobil intend to re-engage in negotiations on the P’nyang project, nearly two years after their talks came to a standstill, Oil Search Ltd announced on Monday.\nIn November 2019 the country's government had flagged a standoff in talks with Exxon Mobil tied to a $13 billion gas expansion, saying the U.S. oil giant was unwilling to negotiate on the country’s terms.\nPNG Minister for Petroleum, Kerenga Kua said if all goes well, \"we can expect to sign a P'nyang Heads of Agreement around the end of this next month and a Gas Agreement thereafter.\"\n\"We look forward to further progress in these negotiations and will support the PRL3 Operator through our 38.51% interest in the joint venture,” said Diego Fettweis, Oil Search’s executive vice president for commercial.\nEarlier this month, Oil Search announced its intention to recommend a buyout offer from Santos Ltd, worth A$8.4 billion ($5.99 billion), in a deal that would create a top-20 global oil and gas company.","news_type":1,"symbols_score_info":{"XOM":0.9,"OSH.AU":0.9,"QGmain":0.9,"NGmain":0.9,"NGD":0.9,"QMmain":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}