Gateway Energy & Resource Holdings, focussed on investments in global energy, resources and related infrastructure, has entered into exclusive negotiations with China Development Bank International Investment (CDBII) regarding a potential merger or other business combination. CDBII is an investment company listed on the Hong Kong Stock Exchange and is an affiliate of China Development Bank.

 

“We are very pleased to have entered into this Letter of Intent with CDBII and we look forward to finalizing negotiations promptly in the New Year. The proposed transaction would combine Gateway with one of the premier partners in Asia and allow the combined company to pursue its goal of being the preeminent listed energy-focused investment vehicle in the market,” said R. Blair Thomas, chairman of Gateway.

 

Gateway seeks to provide investors current income, as well as long-term capital appreciation, by participating in multiple funds and direct investments managed by EIG Global Energy Partners (EIG).

 

EIG is a leading institutional investor to the global energy sector with US$10.3 billion under management as of September 30 2012.  It specializes in private investments in energy, resources and related infrastructure and was formerly the energy and infrastructure group of Trust Company of the West.