Elengy completed the acquisition of remaining shares in Fosmax from Total for c. $260m.

Elengy, the European operator of liquefied natural gas terminals, agreed to acquire the remaining 27.5% stake in Fosmax, which operates France’s Fos Cavaou liquefied natural gas terminal, from Total, a French energy group, for c. $260m. For Elengy this acquisition reflects the ambition to increase the industrial development of its sites at Fos-sur-Mer, the Fos Cavaou and Fos Tonkin facilities, at a time when LNG enjoys a new boom to support the ecological transition.