Uniper Sells Italian LNG Plant Stake
German energy group Uniper has concluded an agreement with Australian fund First State Investments to divest its stake in OLT Offshore liquefied natural gas (LNG) Toscana.First State Investments will acquire Uniper’s entire OLT stake. The purchase price for Uniper’s stake amounts to approx. €400 million ($452 million) and will be adjusted at closing for any distributions already made to Uniper in 2018 and 2019.
Uniper Hires Goldman to Sell Stake in Italy LNG Terminal
Germany's Uniper has hired Goldman Sachs to sell its stake in a liquefied natural gas (LNG) terminal in Italy, a deal that could value the whole business at 1 billion euros ($1.1 billion), three people familiar with the deal told Reuters. Books have been opened for due diligence on OLT Offshore LNG Toscana's business and a deal could materialise in the first half of 2017…
Bidders Emerge for Thyssengas
Thyssengas enterprise value seen at 500-550 mln euros. Macquarie-owned German gas grid Thyssengas is attracting interest from several infrastructure funds and financial investors, two people familiar with the matter said, adding bidders had until after Easter to submit indicative offers. "The level of interest is huge, there's a run on regulated energy infrastructure…
Investors Line Up for OMV's Gas Grid Gas Connect Austria
Gas Connect Austria, the pipeline unit of Austrian energy group OMV, has drawn interest from several parties ahead of an auction that could value the asset at up to 750 million euros ($845 million), three people familiar with the deal said. The sales process, which the sources said was organised by Citi, is expected to start in March and comes after OMV in October said interest for the up to 49 percent stake in the unit was "strong"…
EQT attracts offers for Koole Terminals
Swedish buyout group EQT has received offers for its Dutch oil storage group Koole Terminals valuing the business at more than 1 billion euros ($1.1 bln), several people familiar with the deal said. The investor last week collected more than 10 tentative bids, mainly from infrastructure investors, and will now pick several groups to submit final bids, the sources, who declined to be identified, said on Monday.
Bidders Line Up for Fortum's $7 bln Swedish Grid
Bidders including Borealis, Macquarie and Cheung Kong Infrastructure Holdings (CKI) are lining up multi-billion dollar bids for Fortum's Swedish power grid ahead of a mid-December deadline, sources familiar with the matter told Reuters. Finland's state-controlled utility Fortum is selling its Swedish power grid, which is seen fetching aroundm$7.4 billion…
E.ON, VNG Sell Local Gas Grid to CBA
German utility E.ON and gas firm VNG AG have sold their jointly owned regional gas grid EVG Thueringen to First State Investments, the asset management arm of Commonwealth Bank of Australia (CBA) , E.ON said. Sources had told Reuters in August that First State was among final bidders for EVG, which operates a 1,200-km gas grid in the eastern German states of Thuringia and Saxony…
