Novatek to acquire a 27.5% stake in Sakhalin-2 from Shell for $1.16bn.

Financials

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Transaction Value£933m

Consideration TypeCash

Capital Owned-

Capital Bid For28%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

NOVATEK

target

SAKHALIN-2

vendor

Royal Dutch Shell

Sources

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Tags

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Private

Russian Federation

Cross Border

Pending

Friendly

Integrated Oil and Gas

Acquisition

Single Bidder

oil and gas

Minority

Synopsis

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Novatek, a natural gas producer, agreed to acquire a 27.5% stake in Sakhalin-2 from Shell, a multinational oil and gas company, for $1.16bn. Russian President Vladimir Putin gave his consent for the transfer of the required funds to Shell.