.
MergerLinks Header Logo

New Deal


Announced

Oil India and Engineers India to acquire a 61.65% stake in Numaligarh Refinery from Bharat Petroleum for $1.3bn.

Financials

Edit Data
Transaction Value£932m
Consideration TypeCash
Capital Owned-
Capital Bid For62%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

India

Oil Refining and Marketing

Acquisition

Majority

Friendly

Single Bidder

oil refinery

Domestic

Pending

Synopsis

Edit

Oil India, a premier Indian National Oil Company, and Engineers India, a provider of engineering consultancy, agreed to acquire a 61.65% stake in Numaligarh Refinery, an oil refinery in India, from Bharat Petroleum, an oil and gas company, for $1.3bn. Assam government may also participate in the acquisition. The Board of Directors of Bharat Petroleum has already approved the transaction.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US