Dominion Assets to be Sold
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.
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