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Announced

Completed

bp completed the acquisition of Archaea Energy for $4.1bn.

Financials

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Transaction Value£3,664m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium38%
One Off Charge-

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Majority

Single Bidder

Public

Alternative Fuels

United States

renewable natural gas

Acquisition

Cross Border

Friendly

Completed

Synopsis

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bp, a British multinational oil and gas company, completed the acquisition of Archaea Energy, a renewable natural gas company, for $4.1bn. "Archaea is a fantastic fast-growing business, and bp will add distinctive value through our trading business and customer reach. It will accelerate our key bioenergy growth engine, creating a real leader in the biogas sector, and support our net zero ambition. And, importantly, we're doing this while remaining focused on the disciplined execution of our financial frame. Investing with discipline into the energy transition, creating further value through integration - this is exactly what bp's transformation into an integrated energy company is all about," Bernard Looney, bp CEO.

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