Hony ups stake in Aussie oil producer
China’s Hony Capital has upped its stake in Australian oil and gas producer Santos just eight months after selling its majority holdings to private energy player ENN group. Hony purchased 2.25 percent of the company’s issued capital at an 11 percent premium for A$159 million ($121.19 million). Santos’ shares were 6.42 percent higher at A$3.81 ($2.90) at Friday’s close. Hony is believed to have also taken an equity stake in ENN as part of the deal.