Fortifying the activities of one of the top natural gas marketing firms in North America with solid financial backing, American International Group Inc. subsidiary AIG Financial Products Corp. (AIG-FP) said Thursday that it has signed an agreement to purchase a 50% partnership interest in Tenaska Energy’s natural gas marketing companies — Tenaska Marketing Ventures, Tenaska Marketing Canada and Tenaska Gas Storage — known collectively as TMV. Financial terms were not disclosed.
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AIG Acquires 50% Stake in Tenaska’s Natural Gas Marketing
Fortifying the activities of one of the top natural gas marketing firms in North America with solid financial backing, American International Group Inc. subsidiary AIG Financial Products Corp. (AIG-FP) said late last week that it has signed an agreement to purchase a 50% partnership interest in Tenaska Energy’s natural gas marketing companies — Tenaska Marketing Ventures, Tenaska Marketing Canada and Tenaska Gas Storage — known collectively as TMV. Financial terms were not disclosed.
March 19, 2007