Riverstone Energy to wind down investment in Aleph Midstream
Updated : 14:58
Riverstone Energy’s manager Riverstone International has agreed to wind down its investment in Aleph Midstream, it announced on Thursday.
The London-listed firm said the wind-down would be effected through a sale to Vista Oil and Gas.
It said Riverstone Energy was expected to receive $23.5m (£18.24m) in proceeds through a return of its invested capital at a 1.0x gross multiple on invested capital.
“The transaction is expected to close in the first quarter of 2020,” the board said in its short statement.
At 1454 GMT, shares in Riverstone Energy were down 1.35% at 351.19p.