Wednesday, April 24, 2024
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Japanese utility company Tokyo Gas is reportedly in the late stages of negotiations to purchase US natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners. The all-cash deal, which is expected to be announced this month, is valued at around $4.6 billion, including debt.

If successful, the acquisition would mark a major expansion for Tokyo Gas and increase its presence in the North American energy market.

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