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New Deal


Announced

Completed

British Gas completed the acquisition of the customers of the natural gas business of AvantiGas ON.

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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Friendly

Domestic

Single Bidder

Majority

United Kingdom

Integrated Oil and Gas

natural gas business

Private

Acquisition

Completed

Synopsis

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British Gas, an energy and home services provider, completed the acquisition of the customers of the natural gas business of AvantiGas ON, a business-to-business natural gas supplier. Financial terms were not disclosed. AvantiGas ON is a Business-to-Business supplier, and currently supplies natural gas to around 13k business meter points on the gas grid in Britain. The company is also one of Britain's leading suppliers of Liquefied Petroleum Gas, and a major natural gas shipper and supplier in a number of other countries.

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