|
|
 |
|
Viewing report
|
|
|
|
Wintershall Acquires 15% Stake in South Stream from Eni for $2,837.5m - To Expand Its Gas Trading Business in Southern and South-Eastern Europe with Additional Russian Gas Access
GlobalData, Nov 2011, Pages: 7
Wintershall Acquires 15% Stake in South Stream from Eni for $2,837.5m - To Expand Its Gas Trading Business in Southern and South-Eastern Europe with Additional Russian Gas Access - Deal Analysis From GlobalData
Summary
Wintershall AG, (Wintershall), a subsidiary of BASF, has acquired a 15% stake in South Stream AG (South Stream), a company that owns and operates gas pipeline systems, from integrated energy company Eni S.p.A, (Eni), for a purchase consideration of €2,000m ($2,837.5m). The transaction implies a deal value of $109.6 per MMcf of daily installed capacity.
The acquisition enables Wintershall to strengthen its existing gas marketing business in Bulgaria and Romania by gaining access to additional Russian gas through the South Stream pipeline. This pipeline is majority owned by Gazprom, the Russian gas monopoly, which works with Wintershall on projects including natural gas exploration and production in western Siberia, development of the Nord Stream pipeline and gas marketing in Germany and other European countries through joint venture companies.
Scope
- Rationale behind Wintershall's acquisition of South Stream from Eni,
- Strategic benefits for the companies involved,
- Geography covered -Europe
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in the European midstream industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the European oil & gas market,
- Get a detailed analysis of a deal to enable you to take informed decisions.
Keywords
Wintershall, Eni, South Stream
|
|
|
|
