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Should it go through, it will be the sixth big deal he has overseen with a foreign buyer.
But it could be gatecrashed by a rival bidder. American private equity firm Global Infrastructure Partners said it was mulling making a higher offer after its first approach was rejected.
Rudd jis a serial chairman who presided over a string of controversial mergers and sales since 2006. This included offloading glass maker Pilkington to Nippon Sheet Glass for £2billion in 2006.
He sold a division of the celebrated industrial Invensys to Siemens in 2012 and the rest of Invensys to French group Schneider Electric for £4.3billion in 2013.
by Adnan Bajic
The Hague-based oil and LNG major Shell has agreed to sell a minority stake in a QCLNG unit for a consideration of $2.5 billion.
Shell said on Monday its QGC Common Facilities has agreed to sell 26.25 per cent in the Queensland Curtis LNG Common Facilities to Global Infrastructure Partners Australia.
The Common Facilities are currently 100 per cent owned by Shell and include LNG storage tanks, jetties and operations infrastructure that service QCLNG’s LNG trains.
Upon completion of the transaction, Shell will remain the majority owner and operator of the Common Facilities.
This decision is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify its portfolio.
Shell sells $2.5 bln stake in QCLNG unit December 21, 2020, by Adnan Bajic
The Hague-based oil and LNG major Shell has agreed to sell a minority stake in a QCLNG unit for a consideration of $2.5 billion.
Courtesy of Shell
Shell said on Monday its QGC Common Facilities has agreed to sell 26.25 per cent in the Queensland Curtis LNG Common Facilities to Global Infrastructure Partners Australia.
The Common Facilities are currently 100 per cent owned by Shell and include LNG storage tanks, jetties and operations infrastructure that service QCLNG’s LNG trains.
Upon completion of the transaction, Shell will remain the majority owner and operator of the Common Facilities.
Why Signature Aviation shares jumped 40% last week
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Shares of Signature Aviation(LSE: SIG) jumped over 40% last Thursday following the announcement of a potential cash offer for the entire business. Despite appearances, the proposed acquisition has not yet been accepted and may not even happen. So here’s what you need to know.
A cash offer for Signature Aviation
Blackstone and Global Infrastructure Partners (GIP) have issued proposals to Signature Aviation’s management team to buy out the entire business using cash. The bid from GIP was lower than Blackstone’s offer and therefore has been rejected.
US$12.3 TRILLION out of thin air…
The oil major sells a minority stake in its Queensland Curtis LNG facilities.
Shell is scheduled to report its fourth-quarter financial results on 4th Feb.
In an announcement on Monday, Royal Dutch Shell plc (LON: RDSA) expressed plans of writing down £2.64 billion to £3.39 billion worth of oil and gas assets to combat weaker outlook fuelled by the Coronavirus pandemic that has so far infected more than 77 million people worldwide and caused over 1.7 million deaths.
Shell opened about 4% down in the stock market on Monday and slid another 1.5% in the next hour. Including the price action, shares of the company, that you can learn to buy online here, are now trading at £13.12 after recovering from a year to date low of £9 per share in the last week of October. Shell had a per-share price of £22.56 at the start of the year.