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Share Name | Share Symbol | Market | Type |
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Endev Energy | TSXV:ENE | TSX Venture | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
AEI Energy has acquired an option to buy an indirect 5.53% stake in Argentine natural gas pipeline company Transportadora de Gas del Sur (TGS), or TGS, for $3 million.
AEI bought the option to buy 100% of Enron Pipeline Company Argentina, which holds a 10% stake in TGS's controlling company, Compania de Inversiones de Energia S.A., or Ciesa, TGS said in a statement filed with the Buenos Aires Stock Exchange late Friday.
AEI was born out of investment funds managed by U.K.-based Ashmore Investment Management Ltd.
Ciesa controls just over 55.3% of TGS's common stock. Brazil's Petroleo Brasileiro SA (PBR), through its local unit Petrobras Energia SA (PBE.BA) and another subsidiary, owns 50% of Ciesa, while a fiduciary trust owns 40% and the subsidiary of Enron Corp. (ENE) (10%).
-By Taos Turner, Dow Jones Newswires; 5411-4103-6728; taos.turner@dowjones.com
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