M&As this week: Chevron Corporation, Enagas Internacional

Chevron Corporation's wholly owned subsidiary Chevron Global Ventures has agreed to sell its interests in two oil and gas companies to Himalaya Energy, namely Chevron Bangladesh Block 12, and Chevron Bangladesh Blocks 13 and 14.

The acquirer company is owned by China ZhenHua Oil Co and CNIC Corporation, and will pay approximately $2bn as purchase consideration for the acquisition, according to Reuters.

Enagas Internacional and Canada Pension Plan Investment Board (CPPIB) have acquired a 21% and 30% stake respectively in gas and natural gas liquids pipeline operator, Compania Operadora de Gas del Amazonas Sac (COGA).

The acquisition was made through Carmen Corporation and involved a consideration of $8.86m and $12.46m respectively by Enagas Internacional and CPPIB.

COGA is owned by Enagas Internacional (51%) and CPPIB (49%) as a result of the transaction.