DLA Piper advised Kunlun Energy on the sale of its 60% equity interest in PetroChina Beijing Gas Pipeline and a 75% equity interest in PetroChina Dalian LNG to the China Oil & Gas Pipeline Network Corporation (PipeChina) for a total base consideration of RMB40.89 billion (US$6.24 billion).
The sale by Kunlun Energy is aimed at optimising its business structure to allow it to actively expand its remaining relevant businesses and to progress its transformation from a natural gas distributor to an integrated green energy supplier.
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