Total has decided 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.
At the completion of the transactions two buyers, a consortium composed by Fluxys Europe B.V. (currently 25%), AXA Investment Managers and Crédit Agricole Assurances on one hand and another consortium composed of Samsung Securities Co. Ltd., IBK Securities Co. Ltd. and Hanwha Investment & Securities Co. Ltd on the other hand, will hold a 35.76% and 39.24%, respectively.
Closing is expected for 3Q18, once required regulatory approvals have been granted by the relevant authorities.
The Group will keep a regasification capacity right of approximately 1.5 million tpy.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/02072018/total-sells-stake-in-dunkerque-lng-terminal/