Following a aggressive public sale course of launched early 2018, the EDF Group proclaims it has entered into unique negotiations with two teams of buyers for the disposal of its 65.01% curiosity within the share capital of Dunkerque LNG, proprietor and operator of the liquefied pure fuel (LNG) terminal of Dunkirk.
On the one hand, a consortium composed of Fluxys, AXA Investment Managers – Real Assets, on behalf of purchasers, and Crédit Agricole Assurances has dedicated to accumulate a stake of 31%; alternatively, a consortium of Korean buyers led by IPM Group (comprised of InfraPartners Management Korea Co. Ltd. in Seoul and InfraPartners Management LLP in London) in collaboration with Samsung Asset Management Co., Ltd and composed of Samsung Securities Co. Ltd., IBK Securities Co. Ltd. and Hanwha Investment & Securities Co. Ltd. has dedicated to accumulate a stake of 34.01%.
The transaction will permit present 25% shareholder Fluxys, with the assist of Axa Investment Managers – Real Assets and Crédit Agricole Assurances, to take management and consolidate Dunkerque LNG consistent with its world development technique in fuel infrastructures. Fluxys’ experience within the fuel enterprise and within the administration of LNG terminals will profit Dunkerque LNG and guarantee industrial continuity and robust reliability of the terminal.
This transaction additionally illustrates the attractiveness of Dunkirk LNG terminal for international monetary buyers. The high quality of the terminal’s design, the power of the enterprise and the constructive prospects for the LNG market in Europe make it a compelling funding case.
EDF, as a shopper of Dunkerque LNG, stays engaged in the long run with the terminal, which can proceed serving its fuel technique.
The Dunkerque LNG terminal is designed for an annual regasification capability of 13 billion m3 of fuel, which is ample to fulfill roughly 20% of annual consumption in France and Belgium, making it the biggest terminal of its form in Continental Europe. It can be the one terminal to be related on to 2 markets – France and Belgium – utilizing 2 separate pipelines. (Source and picture: EDF)
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