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New Deal


Announced

Completed

SSE Thermal completed the acquisition of 50% stake in H2NorthEast.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

gas company

blue hydrogen

Integrated Oil and Gas

Acquisition

Domestic

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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SSE Thermal, a thermal power generation company, completed the acquisition of 50% stake in H2NorthEast, a blue hydrogen project. Financial terms were not disclosed. "Blue hydrogen has a strategic role to play alongside green hydrogen and the hydrogen produced by H2NorthEast will not only support the decarbonisation of industry, it can be a vital piece in the net zero jigsaw for the power sector," Catherine Raw, SSE Thermal Managing Director.

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