Shandong Shengli has signed an agreement to acquire Chongqing Gas Group Corporation.

The acquisition will help strengthen Shandong Shengli’s market position.

Both companies involved in the transaction are natural gas firm based in China.

Lucid Energy Group has signed an agreement to sell midstream company Lucid Energy Group II (Lucid II) to a joint venture of Riverstone Holdings and the Goldman Sachs Group, and Merchant Banking Division for $1.6bn.

“Lucid II will operate as a subsidiary of Riverstone Holdings and Goldman Sachs, upon completion of the acquisition.”

Lucid II will operate as a subsidiary of Riverstone Holdings and Goldman Sachs, upon completion of the acquisition.

Lucid Energy Group is a natural gas processing company, while both Riverstone Holdings and Goldman Sachs are private equity firms.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal will strengthen Riverstone’s and Goldman Sachs’ investment portfolios.

All companies involved in the transaction are based in the US.