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Warburg, Baring-backed Asian American Gas delays $200m IPO

6 Dec 2012

Private equity-backed Chinese gas producer Asian American Gas Energy has reportedly postponed its planned $200m IPO after a week of premarketing.

According to reports, AAG Energy will now wait until next year to launch the deal in the hope that choppy financial markets will have settled.

Warburg first invested in the company in 2010. Baring Private Equity Asia also owns a stake in the business.

AAG, which produces coal-bed methane, operates in an industry that has been held back in China due to regulations and lack of infrastructure despite huge natural resource potential.

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