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New Deal


Announced

BP to acquire EDF Energy Services from EDF.

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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Gas Distribution

Pending

Friendly

United States

Electricity Distribution

Private

power and utilities

Acquisition

Majority

Cross Border

Single Bidder

Synopsis

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BP, an oil and gas giant, agreed to acquire EDF Energy Services, an energy distribution company, from Electricite de France, an energy company. Financial terms were not disclosed. "We are excited to welcome the team to bp. This is exactly the type of high calibre business that will help drive bp's transformation, giving more customers the secure, affordable and lower carbon energy they want while creating value for our shareholders," Dave Lawler, BP America Chairman and President.

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