.
MergerLinks Header Logo

New Deal


Announced

Completed

Chevron and Mercuria Energy Trading formed a joint venture in a $210m deal.

Financials

Edit Data
Transaction Value£158m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Majority

Private

Cross Border

Joint Venture

Completed

United States

Friendly

renewable natural gas

compressed natural gas (cng)

Alternative Fuels

Synopsis

Edit

Chevron, an American multinational energy corporation, and Mercuria Energy Trading, a Cypriot-domiciled multinational commodity trading company, formed a joint venture to own and operate American Natural Gas and its network of 60 compressed natural gas stations across the United States in a $210m deal. "Mercuria is pleased to partner with Chevron and ANG founder Andrew West in growing ANG’s fueling network and continuing to provide a best-in-class decarbonization solution to the medium- and heavy-duty vehicle market. Chevron’s excellent reputation of customer service, and their like-minded commitment to investment in the energy transition, make them the perfect partner to expand the ANG footprint," Brian A. Falik, Mercuria CIO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US