Shell and partners sell Maui pipeline to First State Investments for $335 mln

Mon, 21 Dec 2015

By Paul McBeth Dec. 22 (BusinessDesk) - Shell New Zealand-controlled Maui Development has sold the Maui natural gas pipeline for $335 million to funds managed by First State Investments, which recently bought Vector's gas distribution and transmission assets. The pipeline holding company, which counts OMV New Zealand and Todd Energy as minority partners, has been looking for a buyer for some time, and the sale is separate from Royal Dutch Shell's review of its local businesses, it said in a statement. The pipeline transports gas from the...

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