Equis Buys a 47 Percent Stake in Oriental Gas (Asia)
Source: Infrastructure Investor | Author(s): Anne-Sophie Briant
Energy and infrastructure investor Equis Funds Group and investment company Runfar Investment Group have participated in a US$43 million financing round for China-based natural gas distributor Oriental Gas. Post-transaction, Equis and Runfar held a 47 percent stake and a 53 percent stake, respectively, in the company. Oriental Gas intends to use the funds to expand its assets, consolidate ownership control of existing assets and fund the acquisition and construction of new assets.