M&As this week: Total, SemGroup, Royal Vopak

Total S.A. has agreed to buy a 76% interest in Gulf Africa Petroleum Corporation (GAPCO) from Reliance Exploration and Production DMCC, to expand its downstream business in East Africa.

GAPCO operates a retail network of 108 service stations and 260,000kl of storage capacity through its subsidiaries in Tanzania, Kenya and Uganda.

SemGroup Corporation has agreed to acquire the remaining 44% interest in Rose Rock Midstream, L.P. for a consideration of $387m.

The transaction will involve transfer of SemGroup shares to Rose Rock share-holders at a ratio of approximately 0.8:1.

Rose Rock’s US-based assets include more than 1,900 miles of crude oil pipelines, crude storage facilities with 10.1mmbbl capacity, and more than 250 trucks.

The deal is scheduled for completion in the third quarter of 2016.

Koninklijke Vopak N.V. (Royal Vopak) has disposed its 40% joint venture interest in Nippon Vopak Co. Ltd. to Macquarie Asia Infrastructure Fund. The deal implies a net value of $28.92m.

Nippon Vopak has five terminals located in Nagoya, Kawasaki, Kobe, Yokohama, Moji in Japan, offering a total storage capacity of 203,200m³.

The amount raised from the stake sale will be used by Royal Vopak to support its growth strategy and to make consistent dividend payments.

EISER Infrastructure Partners LLP has agreed to sell Societa Gasdotti Italia S.p.a. (SGI) to Sole Bidco S.p.A. The maximum consideration for the deal is expected to be $667.39m.

SGI owns and manages 1,500km of high-pressure natural gas pipelines in Italy.

EISER has appointed Citigroup Inc. and Paul Hastings LLP as financial and legal advisors respectively.

Raging River Exploration Inc. has agreed to spend $83.89m for the acquisition of Rock Energy Inc. The deal implies the issue of Raging River common shares to Rock Energy shareholders at a ratio of 0.082:1.

Rock Energy has appointed FirstEnergy Capital Corp. and Dundee Securities Ltd. as financial advisors for the transaction.

The deal is scheduled for completion on or before 22 July 2016.