The British investment company VH Global Energy Infrastructure plc has entered into an agreement with Victory Hill Midstream CV I, LP for the sale of two operating LNG storage terminals at the port of Brownsville in Texas. This is reported in a press release from VH Global.
The completion of the $134 million transaction is subject to standard closing conditions and two additional prerequisites, including the attraction of additional financing from syndicated investors and the extension of the main contract with clients.
From the point of view of VH Global Energy management, the transaction is the best option for shareholders in terms of maximizing value, reliability of execution and speed of monetization. VH Global Energy continues to sell its remaining assets in accordance with the company's adopted strategy.
Victory Hill Midstream CV I, LP is a newly established subsidiary Victory Hill Capital Partners LLP, whose portfolio includes renewable energy projects in Australia, Brazil, the United States, Great Britain, Spain, Portugal and Sweden.
Victory Hill Capital Partners LLP is a British investment company in the field of energy infrastructure and private equity. Since its founding, the company has acquired 34 assets in seven countries and six technology industries. The headquarters is located in London (UK).
VH Global Energy Infrastructure PLC is a British investment company in the field of energy infrastructure. The headquarters is located in London (UK).
Read our Telegram channel "Mergers and Acquisitions. AK&M».
Our channel at MAX is "Mergers and Acquisitions. AK&M».
