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New Deal


Announced

Pluspetrol to acquire SK Innovation's stakes in two Peruvian gas fields for $1bn.

Financials

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Transaction Value£850m
Consideration TypeCash
Capital Owned-
Capital Bid For18%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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gas fields

Private

Peru

Friendly

Minority

Integrated Oil and Gas

Pending

Acquisition

Single Bidder

Synopsis

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Pluspetrol, that develops and produces high pressured gas, agreed to acquire a 17.6% stake in two Peruvian gas fields from SK Innovation, a South Korea refiner, for $1bn. Proceeds of the sale will be use to finance investments in other promising energy sectors, including battery and materials business, and expand its presence in the Asian and North American markets.

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