White & Case has advised U.S. fund EIG on its subsidiary MidOcean Energy’s $2.15 billion acquisition of Tokyo Gas’s stakes in a portfolio of four Australian LNG projects, with Norton Rose Fulbright acting for the seller.
The acquisition marks the launch of MidOcean's strategy to build a diversified, global integrated LNG company and leverages EIG's extensive investing experience in the global LNG sector, Reuters reported, adding that the sale was part of Tokyo Gas’ portfolio reshuffle to allocate funds to growth areas.
The White & Case team was led by partners Christopher Flynn in Sydney and Kristian Bradshaw in Tokyo.
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