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China Hires Morgan Stanley, Goldman Sachs To Advise on Pipeline Asset Transfers
08 Jul, 2020

Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisers for multi-billion dollar deals transferring oil and gas pipeline assets into a national energy infrastructure giant, four sources said.

Overseen by a government vice premier, underlining the project's importance for Beijing, Beijing aims to complete the asset transfers and start operation of the new entity - valued by industry analysts at more than $40 billion - by the end of September, oil industry officials said.

"The timetable is a moving target but the goal was to complete the (asset) merger by end of July," one person with direct knowledge of the matter told Reuters.

Source:

https://energy.economictimes.indiatimes.com/news/oil-and-gas/china-hires-morgan-stanley-goldman-sachs-to-advise-on-pipeline-asset-transfers/76849842