Devon Energy has signed an agreement to sell its interest in EnLink Midstream to GIP
Date
June 06, 2018
Type
M&A Transactions
Subtype
Imported M&A transactions
Countries
Denmark
(USA) United States of America
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Devon Energy has signed an agreement to sell its interest in EnLink Midstream to GIP. Devon's ownership interest in EnLink Midstream includes 115 million units in the general partner and 95 million units in the master limited partnership. The company’s interests in EnLink generated $265 million of cash distributions over the past year, valuing the transaction at approximately 12 times cash flow. The transaction is subject to customary terms and conditions and is expected to close in July 2018
List of the country updates
Country updates
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June 05, 2018
EDS has been contracted to provide engineering advisory services, including pre-site engineering support, high-voltage (HV) system review, HV safety management and consultancy support, during the installation phase of the project
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June 05, 2018
NJR Clean Energy Ventures has completed the sale of the project to NorthWestern Energy for USD 18.5 million
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June 05, 2018
The clean energy arm of New Jersey Resources has completed the sale of the project to NorthWestern Energy for USD 18.5 million
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June 05, 2018
Brazil's Securities and Exchange Commission of Brazil (CVM) has postponed to June 18 the deadline for State Grid to recalculate the price of the acquisition
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June 04, 2018
The project has started commercial operation
