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Announced

Completed

Keppel completed the acquisition of a 20% stake in MET Group for $59m.

Financials

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Transaction Value£44m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

Minority

Switzerland

energy company

Conventional Electricity

Acquisition

Single Bidder

Private

natural gas

Friendly

Completed

Synopsis

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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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