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BRIEF-ZZ Capital International updates on acquisition of entire equity interest in Alerian
July 14, 2017 / 12:31 PM / 2 months ago

BRIEF-ZZ Capital International updates on acquisition of entire equity interest in Alerian

July 14 (Reuters) - ZZ Capital International Ltd:

* Acquisition of entire equity interest in Alerian

* Initial consideration for deal will comprise an initial cash consideration, expected to be approximately US$506 million

* ZZCI Index Partners Llc entered into unit purchase agreement with Gabriel Hammond, Daniel Hammond and Kenny Feng

* Total consideration payable by buyer under unit purchase agreement is not expected to exceed US$812 million Source text for Eikon: Further company coverage:

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