Announced
Completed
Financials
Tags
Italy
regasification terminal
Private
natural gas
Acquisition
Offshore Drilling and Other Services
Minority
Completed
Auction
Friendly
Private Equity
Synopsis
Uniper, an energy company based in Düsseldorf completed the acquisition of a 48.2% stake in OLT Offshore Toscana to First State Investments, the investment management branch of the Commonwealth Bank of Australia, for €400m. The target company owns a terminal, permanently moored about 22 km off the Italian coast between Livorno and Pisa, that transforms the liquefied natural gas, received by LNG carriers, back to its normal gaseous state. “We’re pleased to divest our stake in OLT Offshore LNG Toscana to an experienced gas infrastructure investor like First State Investments. We’ve always said that selected existing gas infrastructure investments which we consider as strategic non-core assets may be suitable for portfolio rotation," Eckhardt Rümmler, Uniper COO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.