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New Deal


Announced

Glencore to acquire Hellenic Petroleum.

Financials

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Transaction Value£1,164m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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oil refining

Majority

Greece

Oil Refining and Marketing

Failed

Public

Friendly

Acquisition

Single Bidder

Synopsis

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Glencore, a British–Swiss multinational commodity trading and mining company, offered to acquire Hellenic Petroleum, a Greek petroleum refineries company, for $1.5bn. The offer was lapsed in April 2019. Greece’s privatisation agency said the lack of bids was “due to reasons related to the short-listed parties and recent developments in the international environment that affect the consortia."

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