Hony to exit Australia's Santos to China-based ENN
Hony Capital has agreed to sell its 11.72% stake in Australia-listed oil and gas supplier Santos to ENN Group, a leading Chinese privately-held gas distributor, for $755 million.
Hony will in turn acquire RMB2.47 billion ($380 million) worth of newly issued shares in ENN Ecological Holding, a Shanghai-listed subsidiary of ENN, via Hony Capital Fund VIII. It will become the second...
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