Latest news with #RedBirdCapital
Yahoo
4 days ago
- Business
- Yahoo
Mitsubishi eyes $8bn acquisition of Aethon Energy Management
Mitsubishi is reportedly in advanced discussions to acquire the US shale production and pipeline assets of Aethon Energy Management for an estimated $8bn (Y1.16bn), reported Reuters, citing a source familiar with the matter. The Aethon assets, primarily located in the Haynesville shale formation in Louisiana and east Texas, are one of the largest privately held gas producers in the US. Aethon is backed by investment firm RedBird Capital Partners and Canada's Ontario Teachers' Pension Plan, which hold significant stakes in the assets. The acquisition would provide the Japanese conglomerate with significant natural gas operations near the US Gulf Coast, complementing the energy export facilities currently under development in the region. The ongoing talks between Mitsubishi and Aethon were disclosed by a source who requested anonymity due to the confidential nature of the negotiations. The source also noted that there is no certainty that the deal will be finalised. In response to inquiries, Mitsubishi, Aethon, RedBird and the Ontario Teachers' Pension Plan all declined to comment on the matter. Mitsubishi released a statement regarding the acquisition, stating: 'Reports in certain news media, regarding Mitsubishi Corporation being in advanced negotiations for the acquisition of US-based Aethon Energy Management, have been circulated. 'At this point, however, Mitsubishi Corporation has not made any decision that is consistent with the contents of those reports. Should any matter requiring disclosure be decided, we will make an announcement in a timely and appropriate manner.' Mitsubishi has a diversified portfolio with equity in multiple liquefied natural gas (LNG) projects globally, including in Australia, Canada, Malaysia, Oman, Russia and the US. The company's total equity LNG production is approximately 13 million tonnes per year. In November last year, Aethon was reportedly considering options for the sale of its US natural gas production and midstream assets, valued at approximately $10bn. "Mitsubishi eyes $8bn acquisition of Aethon Energy Management" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
4 days ago
- Business
- Yahoo
Mitsubishi reportedly in talks to buy Aethon Energy US assets for $8 billion
-- Mitsubishi Corp is negotiating to purchase the U.S. shale production and pipeline assets of Aethon Energy Management for approximately $8 billion, according to a Reuters report on Monday. If completed, the acquisition would provide the Japanese conglomerate with a substantial natural gas operation located next to the U.S. Gulf coast and its developing energy export facilities. The discussions between Mitsubishi and Aethon are still in progress, the report added, and there is no guarantee that an agreement will be reached. While Aethon, a U.S. energy-focused investment firm, owns and operates the assets under consideration, other significant stakeholders include RedBird Capital Partners and Ontario Teachers' Pension Plan from Canada. Related articles Mitsubishi reportedly in talks to buy Aethon Energy US assets for $8 billion Analysts start with bullish ratings on Hinge Health on growth potential UBS starts coverage on packaged food stocks with cautious tone, Sell on Freshpet 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
CNA
4 days ago
- Business
- CNA
Mitsubishi Corp in talks for $8 billion US shale acquisition, source says
Mitsubishi Corp is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on Monday. The deal, should it be struck, would give the Japanese conglomerate a substantial natural gas operation adjacent to the U.S. Gulf coast and the energy export facilities being developed along it. Talks between Mitsubishi and Aethon are ongoing, said the source, who cautioned that there was no guarantee a transaction would be agreed and spoke on condition of anonymity to discuss confidential deliberations. While the assets are owned and operated by U.S. energy-focused investment firm Aethon, fellow money managers RedBird Capital Partners and Canada's Ontario Teachers' Pension Plan also hold sizable stakes. Aethon and RedBird declined comment. OTPP did not immediately respond to a comment request. Mitsubishi could not be reached outside of normal business hours in Japan. The upstream assets of Aethon, which primarily focus on the Haynesville shale formation in Louisiana and East Texas, constitute one of the largest privately held U.S. gas producers. Reuters reported in November that Aethon was exploring options for its operations, which also include more than 1,400 miles (2,250 km) of pipelines across the Haynesville basin and Wyoming, where Aethon also has some production assets.
Reuters
4 days ago
- Business
- Reuters
Mitsubishi Corp in talks for $8 billion US shale acquisition, source says
June 16 (Reuters) - Mitsubishi Corp (8058.T), opens new tab is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on Monday. The deal, should it be struck, would give the Japanese conglomerate a substantial natural gas operation adjacent to the U.S. Gulf coast and the energy export facilities being developed along it. Talks between Mitsubishi and Aethon are ongoing, said the source, who cautioned that there was no guarantee a transaction would be agreed and spoke on condition of anonymity to discuss confidential deliberations. While the assets are owned and operated by U.S. energy-focused investment firm Aethon, fellow money managers RedBird Capital Partners and Canada's Ontario Teachers' Pension Plan also hold sizable stakes. Aethon and RedBird declined comment. OTPP did not immediately respond to a comment request. Mitsubishi could not be reached outside of normal business hours in Japan. The upstream assets of Aethon, which primarily focus on the Haynesville shale formation in Louisiana and East Texas, constitute one of the largest privately held U.S. gas producers. Reuters reported in November that Aethon was exploring options for its operations, which also include more than 1,400 miles (2,250 km) of pipelines across the Haynesville basin and Wyoming, where Aethon also has some production assets. Bloomberg News earlier on Monday reported the talks between Mitsubishi and Aethon, citing people familiar with the matter.
Yahoo
12-06-2025
- Business
- Yahoo
Billionaire Blavatnik courted to take Daily Telegraph stake
The billionaire who has bankrolled DAZN, the sports-streaming service, is being courted to take a stake in The Daily Telegraph alongside the newspaper's new American majority-owners. Sky News has learnt that Sir Len Blavatnik, whose holding company Access Entertainment owns assets in Britain, including the Theatre Royal Haymarket, has been approached by RedBird Capital Partners about becoming a minority investor in the Telegraph titles. Two sources close to the situation said on Thursday that Sir Len was being sounded out about a deal, although they cautioned that no agreement had been struck and it remained unclear whether one would be. Sir Len, who was knighted by the late Queen Elizabeth II for services to philanthropy in 2017, is a prolific investor in the arts, media and entertainment industries. Access Entertainment is run by Danny Cohen, the former BBC director of television. Announcing its agreement to acquire Telegraph Media Group last month for an enterprise valuation of £500m, RedBird Capital said it was "in discussions with select UK-based minority investors with print media expertise and strong commitment to upholding the editorial values of the Telegraph". This was principally a reference to Lord Rothermere, the Daily Mail proprietor, who remains in talks to pay more than £30m for a stake in the Mail's rival right-leaning newspaper group. Goldman Sachs is advising DMGT on the investment, with a deal the subject of ongoing discussions, according to insiders. Read more: The Abu Dhabi state-backed vehicle IMI is still expected to acquire the maximum 15% stake in the Telegraph permitted under proposed new media ownership rules. The government's decision to set the ownership threshold at 15% follows an intensive lobbying campaign by newspaper industry executives concerned that a permanent outright ban could cut off a vital source of funding to an already-embattled industry. However, the deal faces continued opposition from parliamentarians, with The Guardian reporting on Thursday that a cross-party group had written to Lisa Nandy, the culture secretary, warning of "potential Chinese state influence" because of links between RedBird Capital chair John Thornton and China's sovereign wealth fund. This suggestion has been dismissed by RedBird Capital insiders. Ukraine-born Sir Len's portfolio of investments includes DAZN, which is now also backed by a Saudi sports group, mobile games studio Tripledot and Scenario Two, a theatre production company. Dovid Efune, the owner of The New York Sun, is meanwhile continuing to assemble a rival bid for the Telegraph, having secured backing from Jeremy Hosking, the prominent City investor. His prospects, however, look to have diminished after the former chancellor, Nadhim Zahawi, was reported to have withdrawn from his so-called 'British bid'. The Telegraph titles' parent company was forced into insolvency proceedings two years ago by Lloyds Banking Group, which ran out of patience with the Barclay family, their long-standing owner. RedBird IMI, a joint venture between the two firms, paid £600m several months later to acquire a call option that was intended to convert into ownership of the Telegraph newspapers and The Spectator magazine. That objective was thwarted by a change in media ownership laws, which banned any form of foreign state ownership. Some parliamentarians are continuing to argue that a 15% threshold would be too high, and that the proposed rules are ambiguous because they potentially allow for more than one state investor to aggregate their holdings in British newspapers. The Spectator was sold last year for £100m to Sir Paul Marshall, the hedge fund billionaire, who has installed Lord Gove, the former cabinet minister, as its editor. RedBird Capital has been contacted for comment, while a call to Access Industries' London office went unanswered on Thursday lunchtime.
