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05-12-2019, 07:03 PM
Keppel Infrastructure invests in integrated European energy company MET Group
Keppel Infrastructure Holdings Pte Ltd (Keppel Infrastructure), through Keppel Energy Switzerland Holding AG (an indirect wholly owned Keppel Infrastructure subsidiary to be incorporated in Switzerland), is investing €53.02 million (approximately S$80 million) in cash for a 20% stake in MET Holding AG (MET Group), an integrated European energy company headquartered in Switzerland. In addition, the two companies will enter into a strategic partnership to jointly explore investment opportunities focussing on European energy infrastructure assets. MET Group has businesses in natural gas, power and oil markets, focussed on multi-commodity wholesale, trading and sales, as well as energy infrastructure and industrial assets.
Achieving €10.7 billion in revenue in 2018, MET Group has a presence across 15 European countries. MET Group is active in 26 national gas markets and 22 international trading hubs, having traded more than 42 billion cubic meters of gas across Europe in 2018. As one of the largest independent energy suppliers in Central and Eastern Europe, MET Group supplies natural gas and electricity to a diverse portfolio of customers. After completing a management buy-out in 2018, MET Group is now focussed on actively growing its asset base amidst the backdrop of the European energy markets shifting toward less carbon intensive and renewable energy solutions. The European energy transition is driving restructuring and strategic shifts across the industry, leading to market consolidation and acquisition opportunities across the region.
Keppel Infrastructure is the infrastructure arm of Keppel Corporation Limited (Keppel Corporation), one of Singapore’s leading listed corporates. Keppel Corporation is a multi-business company providing solutions for sustainable urbanisation to meet the world’s growing needs for energy, clean environments, high-quality urban spaces, and connectivity. A wholly-owned subsidiary of Keppel Corporation, Keppel Infrastructure, through its energy infrastructure division, provides competitive energy solutions and services, anchored by an integrated natural gas and power business in Singapore.
More details in https://links.sgx.com/FileOpen/20191205_...eID=589565
Keppel Infrastructure Holdings Pte Ltd (Keppel Infrastructure), through Keppel Energy Switzerland Holding AG (an indirect wholly owned Keppel Infrastructure subsidiary to be incorporated in Switzerland), is investing €53.02 million (approximately S$80 million) in cash for a 20% stake in MET Holding AG (MET Group), an integrated European energy company headquartered in Switzerland. In addition, the two companies will enter into a strategic partnership to jointly explore investment opportunities focussing on European energy infrastructure assets. MET Group has businesses in natural gas, power and oil markets, focussed on multi-commodity wholesale, trading and sales, as well as energy infrastructure and industrial assets.
Achieving €10.7 billion in revenue in 2018, MET Group has a presence across 15 European countries. MET Group is active in 26 national gas markets and 22 international trading hubs, having traded more than 42 billion cubic meters of gas across Europe in 2018. As one of the largest independent energy suppliers in Central and Eastern Europe, MET Group supplies natural gas and electricity to a diverse portfolio of customers. After completing a management buy-out in 2018, MET Group is now focussed on actively growing its asset base amidst the backdrop of the European energy markets shifting toward less carbon intensive and renewable energy solutions. The European energy transition is driving restructuring and strategic shifts across the industry, leading to market consolidation and acquisition opportunities across the region.
Keppel Infrastructure is the infrastructure arm of Keppel Corporation Limited (Keppel Corporation), one of Singapore’s leading listed corporates. Keppel Corporation is a multi-business company providing solutions for sustainable urbanisation to meet the world’s growing needs for energy, clean environments, high-quality urban spaces, and connectivity. A wholly-owned subsidiary of Keppel Corporation, Keppel Infrastructure, through its energy infrastructure division, provides competitive energy solutions and services, anchored by an integrated natural gas and power business in Singapore.
More details in https://links.sgx.com/FileOpen/20191205_...eID=589565
Specuvestor: Asset - Business - Structure.
