T&T: BG will pay $171M for Aventura

BG Group Plc agreed to buy Aventura Energy Inc. for C$228 million ($171 million) to expand its natural-gas exploration and production venture in Trinidad and Tobago, from where it exports the fuel to the U.S.

BG Group, a U.K.-based gas producer, is offering C$5.10 a share for all the stock of Calgary-based Aventura through its Canadian unit, BG Canada Ltd., BG said in a Regulatory News Service statement. The bid is 6.3 percent higher than Aventura's closing stock price of C$4.80 on Friday.