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Announced

Completed

Total completed the acquisition of a 37% stake in Adani Gas for $866m.

Financials

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Transaction Value£684m
Consideration TypeCash
Capital Owned-
Capital Bid For37%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Acquisition

Single Bidder

natural gas distribution

Public

India

Minority

Gas Distribution

Completed

Synopsis

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Total, a French multinational integrated oil and gas company, completed the acquisition of a 37% stake in Adani Gas, an Indian natural gas distribution company, for $866m. “Total’s investment in Adani Gas reinforces India’s natural gas and demand potential. The partnership will derive significant synergies between Adani’s capabilities of developing world-class assets and Total’s global best practices as well as leveraging business synergies across LNG, Fuel Retail and City Gas distribution. We look forward to working together towards delivering India’s vision for clean and green energy” Gautam Adani, Adani Group Chairman.

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