Binding agreements signed for the sale of EDF’s stake in Dunkerque LNG

Binding agreements signed for the sale of EDF’s stake in Dunkerque LNG


The EDF Group has announced that the binding agreements for the disposal of the company’s interest in the share capital of the LNG terminal of Dunkirk (Dunkerque LNG) have been signed with, on the one hand, a consortium composed of Fluxys, AXA Investment Managers and Crédit Agricole Assurances and with, on the other hand, a consortium of Korean investors composed of Samsung Securities Co. Ltd, IBK Securities Co. Ltd. and Hanwha Investment & Securities Co. Ltd.

The terms of the transaction remain unchanged and closing is expected for the second half of 2018, once required regulatory approvals have been granted by the French authorities. The negotiations involved the sale of the company’ 65.01% interest in the share capital of Dunkerque LNG, owner and operator of the LNG terminal of Dunkirk.

Marc Benayoun, EDF Group Senior Executive Vice President, Gas and Italy, previously stated: “This transaction illustrates EDF Group’s capacity to create value in building complex infrastructure projects. We will remain engaged as a client with the terminal to support the development of the Group’s activities in the European gas market.”

For more information, visit: www.edf.fr

16th July 2018

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