|
|
Article: New York gets a taste for hard assets.(Investment banks' energy infrastructure buying spree)
- Article from:
- Petroleum Intelligence Weekly
- Article date:
- July 25, 2005
CopyrightCOPYRIGHT 2005 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Is the center of the energy world shifting to New York? Investment banks and funds are now some of the biggest buyers of energy infrastructure. Purchases of pipelines and power plants from the imploding energy merchants in the Enron era got the ball rolling but Goldman Sachs has gone a step further--buying up a Kansas refinery. The Blackstone Group netted an eventual $1.4 billion from its investment in independent refiner Premcor--showing the appeal of a straight buy-upgrade-sell strategy--but some banks are becoming much more active in exploiting the synergies between owning physical assets and energy trading. GS Capital Partners, the private equity arm of the Goldman ...
Related newspaper, magazine, and journal articles:
|
|
Article: GOLDMAN SACHS, MERRILL LYNCH SELL ...
AsiaPulse News;
December 21, 2007 ;
667 words
... ... Asia Pulse - Foreign funds, Goldman Sachs and Merrill Lynch Capital Markets, sold shares ... open market transactions. Goldman Sachs sold 44,33,540 shares of ... of Rs 77.27 each, while Merrill Lynch Capital Markets offloaded 41 ...
|
|