By Joanne Chiu
Beijing Enterprises Holdings Ltd. (>> Beijing Enterprises Holdings Limited) has agreed to buy a stake in a provider of natural-gas terminal facilities and cargo handling services for 965.97 million yuan (US$145.2 million).
The Beijing based company controlled by state-owned Beijing Enterprises Group Co. said Monday that it has agreed to buy a 29% stake in PetroChina Jingtang LNG Co. from its parent company.
The deal comes after blue-chip Kunlun Energy Co. (>> Kunlun Energy Company Limited) last week agreed to pay CNY1.55 billion to buy a 51% stake in PetroChina Jingtang from its parent PetroChina Co. (>> PetroChina Company Limited).
PetroChina Jingtang operates liquefied natural gas terminals and provides storage and regasification services and other warehousing facilities. Hebei Natural Gas Co. owns the remaining 20% stake in PetroChina Jingtang.
Write to Joanne Chiu at [email protected]