Gastorage

Arcapita Buys 90% Stake in Falcon, Funds Storage Expansions

Falcon Gas Storage announced Wednesday that GAStorage Investment LLC, a company organized by Arcapita, a global investment group, has bought a 90% equity stake in Falcon and has provided additional capital to complete the construction Falcon’s gas storage facilities. The total value of the initial transaction is $100 million.

July 21, 2005