CR Gas in $238m pipeline acquisition
Updated: 2012-05-17 06:52
By Oswald Chen(HK Edition)
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A worker attaches cable to lengths of pipe during construction of a gas pipeline in Xinjiang Uygur autonomous region. China Resources Gas Group is to buy city gas pipeline operator and distributor AEI China Gas, which operates 28 city gas projects, eight gas stations and four gas pipelines in 11 provinces. Bloomberg Photo |
Deal implies 14 times acquisition target's 2012 forecast earnings
(HK Edition 05/17/2012 page2)