Announced
Completed
Financials
Sources
Tags
Integrated Oil and Gas
Minority
Switzerland
energy company
Conventional Electricity
Acquisition
Single Bidder
Private
natural gas
Friendly
Completed
Synopsis
Keppel Infrastructure Holdings, a multi-business company providing solutions for sustainable urbanization, completed the acquisition of a 20% stake in MET Group, a Swiss-based energy company with activities in European natural gas, power and oil markets, for $59m. "I am proud and excited to welcome Keppel Infrastructure as an investor and our strategic partner in Europe. With this transaction, we aim to jointly execute MET Group's strategy to be a leading player in the consolidation of the European energy market and to pursue opportunities together," Benjamin Lakatos, MET Group CEO.
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