NGL Energy Buys Oil Trader Gavilon

摘要

US energy trader Gavilon has been bought by propane gas supplier NGL Energy Partners for $890 million, marking the first deal in what is expected to be a broad ownership reshuffle of global trading firms. The oil and gas division of Gavilon, which is partly owned by famed fund manager George Soros, was put on the block after the rest of the merchant was bought earlier this year by Japan's Marubeni for $2.6 billion. At the time its value was pegged at around $1 billion, based on its network of oil tanks, pipelines and terminals.