Announced
Completed
Financials
Tags
Friendly
Acquisition
Single Bidder
natural gas distribution
Public
India
Minority
Gas Distribution
Completed
Synopsis
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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