France: Liquefied Gas Total to Sell Its Stake in Dunkerque LNG Terminal

Editor: Alexander Stark

Total has announced that was going to enter into an agreement to sell its 9.99 % stake in the Dunkerque LNG terminal, as a part of a broader sale process initiated by EDF (65.01 %) earlier this year.

Related Vendors

Total will sell its stake in the Dunkerque LNG terminal. (sample image)
Total will sell its stake in the Dunkerque LNG terminal. (sample image)
(Source: Total)

Paris/France —At the completion of the transactions two buyers, a consortium composed by Fluxys Europe (currently 25 %), Axa Investment Managers and Crédit Agricole Assurances on one hand and another consortium composed of Samsung Securities, IBK Securities and Hanwha Investment & Securities on the other hand, will hold a 35.76 % and 39.24 % respectively. Closing is expected for the third quarter of 2018, once required regulatory approvals have been granted by the relevant authorities. The Group will keep a regasification capacity right of around 1.5 million tons per annum.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Unfold for details of your consent

(ID:45377752)