Actis announces KS Distribution deal
Actis has partnered with SGX-listed energy services company KS Energy in a $230 million deal to create Asia's largest oil, gas and marine products distribution business, KS Distribution.
Actis is committing $101 million to the deal, for a 44.4% stake, with KS Energy holding 55%. The deal follows a consolidation of KS Energy subsidiaries Aqua-Terra Supply and SSH Corp. through schemes of...
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