EXCO Eyes $400M Deal To Sell Joint Venture Stake

Law360, New York (February 3, 2012, 4:42 PM EST) -- EXCO Resources Inc. is in talks to sell a one-third stake in its Louisiana midstream oil and gas joint venture to a private infrastructure fund for more than $400 million, the Texas energy development company said Friday.

EXCO said in a statement that it has entered into a 45-day exclusivity period with the fund, whose identity was not disclosed, to negotiate the sale of a one-third equity interest in TGGT Holdings LLC. The Dallas-based oil and gas firm said it expects a purchase price of at...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.