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Announced

Glencore to acquire liquefied natural gas business from Cheniere Energy.

Financials

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

Tags

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Single Bidder

Private

Acquisition

Friendly

liquefied natural gas

Integrated Oil and Gas

Majority

United States

Cross Border

Pending

Synopsis

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Glencore, a British–Swiss multinational commodity trading and mining company, agreed to acquire liquefied natural gas business from Cheniere Energy, an international energy company. Financial terms were not disclosed. "This SPA further builds upon Cheniere's commercial momentum, marking another important milestone in contracting our LNG capacity ahead of an FID (final investment decision) of Corpus Christi Stage 3, which we expect to occur next year," Jack Fusco, Cheniere CEO.

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