The EDF Group has announced that, having acquired the necessary regulatory approvals, it has sold its stake in the Dunkirk LNG terminal.
According to the statement, the transaction was made on the basis of an average enterprise value of €2.4 billion for the Dunkerque LNG company. The disposal will contribute towards the reduction of the EDF Group’s net financial debt by €1.5 billion.
With the transaction, EDF claims that it has now realised €9.6 billion of its targeted €10 billion asset disposal plan. The objective of finalising the plan by the end of 2018 is confirmed.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/31102018/edf-sells-stake-in-dunkirk-lng-terminal/
