Abu Dhabi-based investment group 2PointZero has announced that it has struck a $2.25 billion deal to acquire US-based Traverse Midstream Partners through its energy infrastructure subsidiary ePointZero, a move that gives it minority, non-operated stakes in two US midstream assets.
E Point Zero Holding RSC Limited (ePointZero), an Abu Dhabi-based global investment company, has entered into an agreement to acquire a 100% stake in US-based Traverse Midstream Partners, a portfolio company of The Energy & Minerals Group (EMG), in a deal valued at nearly $2.25 billion.
E Point Zero Holding, a subsidiary of Two Point Zero Group, will acquire US-based Traverse Midstream Partners for $2.25 billion, expanding its portfolio of energy, infrastructure, and strategic assets supporting electrification, digitalisation, and energy resilience.
