EnergyWatch

Engie seeks USD 512 million selling stake in India LNG importer

France's former natural-gas monopoly is striving to sell its entire stake in India's largest LNG importer in the hopes of raising USD 512 million.

Photo: Dong Energy, PR

Engie SA, France's former natural-gas monopoly, is seeking to raise as much as INR 33 billion (USD 512 million) selling its entire stake in India's biggest importer of liquefied natural gas.

Engie's GDF International unit is offering 75 million shares of Petronet LNG Ltd., equal to about a 10 percent stake, at INR 417 to INR 440 apiece, according to terms for the deal obtained by Bloomberg on Wednesday. The price range represents a 0 percent to 5.2 percent discount to Petronet's last close.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

RWE criticizes Repower EU

The German utility is concerned that elements of the new EU plans will end up curtailing the roll-out of hydrogen and that Repower EU could potentially run counter to the entire purpose of emissions trading.

Further reading

Related articles

Latest News

See all jobs