KDB investment unit takes stake in US gas company
A private equity investment fund owned by Korea Development Bank (KDB) has paid $200 million for the gas business of US-based Apache Corp., an oil and gas specialist.
Government-backed KDB's fund teamed up with South Korea's top oil refiner, SK Energy, to acquire the firm, KDB said in a statement. The parties used $65 million of financing from BNP Paribas and Union...
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