Marubeni Sells Allgas Stake to Stonepeak Partners
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Marubeni Corporation has sold its 40% stake in Allgas Energy Pty Ltd to Stonepeak Partners LP. This move is part of Marubeni's strategy to focus on high-quality growth investments by actively managing its business portfolio. Allgas operates a gas distribution business in Queensland and New South Wales. Marubeni has been a shareholder since 2011, supporting Allgas's expansion and operations.
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