© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Antin Infrastructure to Buy BP’s stake in Central Area Transmission System
Posted 14th May 2015

Antin Infrastructure to Buy BP’s stake in Central Area Transmission System

Antin Infrastructure to Buy BP’s stake in Central Area Transmission System

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Antin Infrastructure to Buy BP’s stake in Central Area Transmission System

Antin Infrastructure to Buy BP’s stake in Central Area Transmission System

View Biography
Image

View Biography
Image

Ian Whitlock / Derek Leith, Financial Due Diligence Provider to Antin Infrastructure

Desmond Wilkins, Financial Due Diligence Provider to CATS

Antin Infrastructure Partners (‘Antin IP’) has today announced that it has agreed to increase its stake in the Central Area Transmission System (CATS). Antin IP will acquire BP’s 36.22% share of the CATS system and will own 99% of the business, subject to the receipt of regulatory and other third party approvals. The investment will follow Antin IP’s acquisition of a 62.78% stake in CATS in July 2014.

The CATS system transports gas through 404km of pipeline between the Central North Sea area and Teesside in the UK which is then processed on behalf of major North Sea gas producers. The North Sea is one of the most important and prolific oil and gas provinces in the world. The CATS system currently serves 34 producing fields with a high portion of contracted revenues. In 2013, CATS accounted for the transportation of 13% of UK domestic gas production.

The Antin CATS management team will be led by Andy Hessell. Andy will join Antin CATS with over 26 years of industry experience and was most recently VP Commercial Operations North Sea and Angola at BP.

Mark Crosbie, Managing Partner of Antin Infrastructure Partners, commented, “We are delighted to

have reached this agreement with BP. Having seen firsthand the strength of the CATS operation and the potential for growth, we have decided to increase our share in the business. We have exciting plans to grow and develop CATS through additional investment. CATS has a strong and skilled workforce and Antin IP’s priority is to retain and develop employees through the transition and beyond. We are delighted Andy has agreed to come on board as Managing Director and have no doubt that he will be an excellent leader of the business.”

According to Stéphane Ifker, Partner of Antin Infrastructure Partners, “Investment in infrastructure such as CATS is key to government and industry’s aim to maximise the economic recovery and realise the considerable potential of the UK Continental Shelf. We look forward to collaborating closely with our partners in industry, government and the Oil and Gas Authority to operate in one of the most promising areas of the North Sea.”

Categories: Finance, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Oando Plc Acquires Assets from ConocoPhillips
M&A
27/02/2015Oando Plc Acquires Assets from ConocoPhillips

In July 2014, Oando, one of Africa’s largest integrated energy solutions providers, acquired ConocoPhillips’ Nigerian oil and gas business for $1.5bn. We took a closer look at this landmark deal

Read Full PostRead - Eye Icon
The Growing Case for Outsourced Facilities Management in UK Business
Strategy
21/04/2026The Growing Case for Outsourced Facilities Management in UK Business

The way UK businesses manage their built environment is under scrutiny. Rising operational costs, increasing compliance obligations and the demand for greater flexibility are pushing facilities management up the strategic agenda. For a growing number of organi

Read Full PostRead - Eye Icon
Which LMS Software Features Matter Most for Growing Teams Today
Technology
28/09/2026Which LMS Software Features Matter Most for Growing Teams Today

Growing teams need learning systems that keep pace with new hires, changing responsibilities, and varied work settings. However, a long feature list does not always guarantee useful training. The right platform reduces administrative effort, gives employees cl

Read Full PostRead - Eye Icon
A Step-by-Step Guide to Starting Your Dropshipping Business
News
31/01/2022A Step-by-Step Guide to Starting Your Dropshipping Business

It’s no secret that dropshipping is one of the fastest-growing industries in eCommerce. It is a convenient, low-risk business model that you can easily start with just a little capital. You don’t have to worry about managing the stock of goods, and you sim

Read Full PostRead - Eye Icon
How Do Worker’s Compensation Laws Differ Around the USA?
News
27/02/2023How Do Worker’s Compensation Laws Differ Around the USA?

IMG Source – https://unsplash.com/photos/p3Ip8U0eNNM Workers’ compensation is essentially an insurance that provides workers with lump sum compensation, a wage replacement, and medical benefits if they incur injuries, or become ill as a result of perfo

Read Full PostRead - Eye Icon
Consumer debt repayment is surging, but will the trend last?
News
27/07/2020Consumer debt repayment is surging, but will the trend last?

As we weather the storm of COVID-19, we’re seeing a surprising trend in the consumer market of the personal finances industry: debts are being repaid like never before. With British households holding well in excess of one trillion Pounds in debt, the beginn

Read Full PostRead - Eye Icon
How Can CFOs Help Businesses Navigate the Pandemic
Finance
07/09/2021How Can CFOs Help Businesses Navigate the Pandemic

The global spread of COVID-19 has had some drastic effects on the way businesses function. This article highlights steps CFOs can take across three major sectors: immediate recovery, short-term stability, and long-term improvements.

Read Full PostRead - Eye Icon
Over a Third of International Employers Do Not Offer Enough Health and Wellbeing Benefits and This Impacts Their Recruitment and Retention
News
12/03/2025Over a Third of International Employers Do Not Offer Enough Health and Wellbeing Benefits and This Impacts Their Recruitment and Retention

In research issued by Towergate Employee Benefits, over a third (37%) of companies with employees based outside of the UK stated that they do not offer enough health and wellbeing support and that this impacts their ability to recruit and retain people.

Read Full PostRead - Eye Icon
US Investment Growth Drives Capital Inflows Supporting Dollar Appreciation
Finance
04/05/2026US Investment Growth Drives Capital Inflows Supporting Dollar Appreciation

America’s robust equity markets and high safe-haven demand have pushed investment growth to strong levels. This appreciation, fueled by investors seeking high returns and deep liquidity, is reinforcing the dollar’s role as the global dominant currency.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow