Sinopec and ENN Energy to offer $2.2b cash for China Gas

So how much will each company finance out of that amount?

According to Reuters, ENN will finance 55% and Sinopec will take care of the other 45%.

The companies said they would offer HK$3.50 per China Gas share, or a 25 percent premium to the previous closing price, according to Reuters.

Reuters noted that Sinopec currently holds 4.8 percent of China Gas while ENN Energy does not hold a stake in the company. After the deal, both companies will hold a combined 75 percent.

View the full report here.