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/