In January, Hutchison Port Holdings (HPH) signed an agreement with Sydney Ports Corporation for the development and operation of the Third Terminal (T3) at Port Botany, Australia. Sydney International Container Terminals, a wholly owned subsidiary of HPH has been established to operate T3. The new terminal will be leased for a period of 30 years.
In January, Hutchison China MediTech Limited announces that an additional three of its drugs have been included in the 2009 edition of the Medicines Catalogue announced by the Ministry of Human Resources and Social Security in China in late 2009.
In April, Hutchison China MediTech Limited announces a strategic joint venture with leading US natural and organic products company, The Hain Celestial Group Inc. The newly created entity is known as Hutchison Hain Organic (Hong Kong) Limited (HHO). HHO aims to provide a wide range of affordable natural, healthy and organic products to the Hong Kong market.
In September, Husky Energy announces that a purchase agreement has been signed to acquire natural gas properties in west central Alberta, which will significantly add to the Company’s production and reserves and extend the optimum utilization of its Ram River Gas Plant. The asset acquisition will provide Husky with more than 65 million cubic feet per day (mmcf/d) of natural gas production or 10.8 thousand barrels of oil equivalent per day (mmboe). In addition, the acquisition will contribute 37 mmboe of proven reserves and 11.7 mmboe probable reserves.
In November, a consortium led by Cheung Kong Infrastructure Holdings Limited and Hongkong Electric Holdings Limited have completed the transaction with Electricité de France (EDF) to acquire 100 per cent of EDF Energy plc's ownership of its United Kingdom regulated and non-regulated network activities. The consortium has formed a new company, UK Power Networks Holdings Limited, to own and manage these new UK electricity network activities. The UK's largest electricity distributor, the newly acquired asset comprises three regional networks with a distribution area that covers London, South East England and the East of England.
In November, Husky Energy has signed a CAD860 millon purchase agreement with ExxonMobil Canada Ltd. to acquire oil and natural gas properties in Alberta and northeast British Columbia. The acquisition adds 21,900 barrels of oil equivalent (boe) per day of production and 113 million boe of proved and probable reserves in core operating areas, based on Husky's reserves estimate.