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Mergers & Acquisitions Deal Analysis - Royal Dutch Shell and PetroChina Company to Acquire Arrow Energy
GlobalData, May 2010, Pages: 8
Mergers & Acquisitions Deal Analysis - Royal Dutch Shell and PetroChina Company to Acquire Arrow Energy
Summary
Royal Dutch Shell Plc and PetroChina Company Limited agreed to raise their offer from AUD3,260 million ($2,936.06 million) to AUD3,500 million ($3,210 million) for the acquisition of Arrow Energy Limited through their subsidiary, CS CSG (Australia), a joint venture formed by Shell and PetroChina. The offer price (AUD4.70 per share) represents a 35% premium to both the last closing price and the one-month volume weighted average price prior to March 8, 2009. As per the revised agreement, Arrow Energy’s shareholders will receive cash of AUD4.70 per share ($4.29 per share), plus one share in Arrow Energy’s newly listed international entity, Dart Energy Ltd. Dart Energy Ltd. will list its shares on the Australian Securities Exchange, holding AUD45 million ($41.17 million) in cash, earlier held by the divested entity, while building its interest in Apollo Gas, Bow Energy and Liquefied Natural Gas and its international interests. Arrow Energy has appointed Citibank, N.A. and UBS Securities LLC as financial advisers and Mallesons Stephen Jaques as legal advisers in relation to the proposal. The transaction implies deal values of $361,283.06 per boe of daily production, $46.93 per boe of proved reserves, and $5.49 per boe of 2P reserves
Scope
- Rationale behind Royal Dutch Shell Plc and PetroChina Company Limited's acquisition of Arrow Energy Limited
- Strategic Benefits for PetroChina Company Limited to jointly acquire Arrow Energy Limited
- Geography covered - Australia
- Deal Financials and Valuations
- Information on Royal Dutch Shell Plc, PetroChina Company Limited and Arrow Energy Limited
Reasons to buy
- Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in Asia-Pacific Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in Australia oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
- Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios
- Learn about the key fiancial advisors in a particular segment in the Oil & Gas Industry
- Understand the various means of raising funds from the market.
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