Thursday, January 25, 2007

Dominion Assets to be Sold

The Columbus Dispatch:

Goldman Sachs Group Inc. and Morgan Stanley are working together to acquire the oil and gas assets of utility company Dominion Resources Inc. in a deal that could top $15 billion, The Wall Street Journal reported yesterday.

The investment banks of the two companies are part of a group of private-equity players hoping to buy the Virginia utility’s oil-and-natural-gas exploration and production businesses. The parties declined to comment yesterday.