Investment Summary

CLP Power Hong Kong Invests In Hong Kong Pumped Storage Development

On May 12, 2014, CLP Power Hong Kong invested in business services company Hong Kong Pumped Storage Development from ExxonMobil for 2.0B HKD

Investment Highlights
  • This is CLP Power Hong Kong’s 1st transaction in the Business Services sector.
  • This is CLP Power Hong Kong’s 0th largest (disclosed) transaction.
  • This is CLP Power Hong Kong’s 2nd transaction in China.

Investment Summary

Date 2014-05-12
Target Hong Kong Pumped Storage Development
Sector Business Services
Investor(s) CLP Power Hong Kong
Sellers(s) ExxonMobil
Deal Type Stake Purchase
Deal Value 2.0B HKD

Target

Hong Kong Pumped Storage Development

Hong Kong, China
Hong Kong Pumped Storage Development Co.,Ltd. offers pumped storage services to CLP Power Hong Kong Limited in mainland China.

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Investor(S) 1

Investor

CLP Power Hong Kong

Hong Kong, China

website


Category Company
Founded 1901
Sector Utilities
DESCRIPTION

CLP Power Hong Kong a vertically-integrated electricity generation, transmission and distribution company in Hong Kong serving 80 percent of the territory's population.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Stake Purchase) 2 of 2
Country (China) 2 of 2
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 Castle Peak Power

Hong Kong, China

Castle Peak Power Company Limited owns and operates coal fired power stations. Company had a total capacity of 4,108 megawatts, Black Point Power Station with a total capacity of 2,500 megawatts, and Penny’s Bay Power Station with a total capacity of 300 megawatts.

Buy -

Seller(S) 1

SELLER

ExxonMobil

Irving, Texas, United States

website


Category Company
Founded 1870
Sector Oil/Gas Exploration
Employees62,000
Revenue 398.7B USD (2022)
DESCRIPTION
Entrance to Exxon Mobil's corporate campus in Irving, Texas.
Entrance to Exxon Mobil's corporate campus in Irving, Texas.

ExxonMobil is a global oil and gas exploration company. ExxonMobil's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon was incorporated in 1870 and is based in Irving, Texas.


DEAL STATS #
Overall 3 of 7
Sector (Business Services) 2 of 2
Type (Stake Purchase) 1 of 1
Country (China) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-08 Exxon Mobil - Esso Card Program

United Kingdom

Esso Card Program offers a commercial fleet fuel card program that includes operations, funding, pricing and sales and marketing services.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-18 Chalmette Refining

Chalmette, Louisiana, United States

Chalmette Refining, LLC is a joint venture between affiliates of Petróleos de Venezuela, S.A. (PDVSA) and ExxonMobil. Chalmette includes the Chalmette refinery and chemical production facilities near New Orleans, La. and the company’s interests in MOEM Pipeline, LLC and 80 percent interest in each of Collins Pipeline Company and T&M Terminal Company. ExxonMobil operates Chalmette Refining, LLC and Mobil Pipeline Company, an ExxonMobil affiliate, operates the logistics infrastructure.

Sell $322M