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New Deal


Announced

InfraVia-backed Molgas Energy to acquire Gasnor from Shell for $222m.

Financials

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Transaction Value£164m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

natural gas

Single Bidder

Private Equity

Pending

Friendly

Integrated Oil and Gas

Norway

Cross Border

Majority

Acquisition

Synopsis

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InfraVia-backed Molgas Energy, a provider of natural gas solutions, agreed to acquire Gasnor, a distributor of natural gas, from Shell, an oil and chemical group, for $222m. “Gasnor has pioneered the development of the small-scale LNG business in Norway, like Molgas did in Spain, and has built a robust portfolio of Bunkering and Industry clients backed by high quality infrastructure with the highest safety standards. Gasnor and Molgas have similar stories, yet their footprint and expertise are very complementary for the future. It is a great addition to the Molgas platform, and we look forward to working with all of the Gasnor team to further expand small-scale LNG, biogas and hydrogen infrastructure across Europe," Fernando Sarasola, Molgas CEO.

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