Announced
Financials
Sources
Tags
Natural
Italy
Integrated Oil and Gas
oil and gas
Pending
Private
Disposal
Acquisition
Single Bidder
Synopsis
MEIL Group, engineering and infrastructure company, agreed to acquire Trevi Group’s Oil & Gas division from Trevi Group for $156m. MEIL Group, with current revenues equal to c.$2.5bn, which is one of the leading Indian engineering and infrastructure companies announced that the acquisition of the Oil & Gas Division should see multi-year production growth as well as growth in service division with increased business volumes resulting in the generation of excess free cash flow, strengthening MEIL’s position in the market.
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