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Announced

Shenergy to acquire a 41% stake in Xinjiang Guanghui from Evergrande for $2.23bn.

Financials

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Transaction Value£1,723m
Consideration TypeCash
Capital Owned-
Capital Bid For41%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Minority

energy company

Friendly

Public

China

Acquisition

Pending

automobile dealers

Automobiles

Domestic

Single Bidder

oil and gas company

Integrated Oil and Gas

Private Equity

Synopsis

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Shenergy, a provider of gas utilities services, agreed to acquire a 41% stake in Xinjiang Guanghui-backed Guanghui Energy, oil and energy company, from Evergrande, an integrated residential property developer, for $2.23bn.

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