March 9 (LNGJ) - French energy and utility company Engie plans to sell its 10 percent stake in the largest Indian LNG import company Petronet. The Engie stake is currently valued at $435 million. The Petronet LNG shares were purchased by the Engie predecessor company Gaz de France. The French company has informed the four Indian shareholders in Petronet that it was offering its stake for sale. The other shareholders are Gas Authority of India, Oil and Natural Gas Corp., Indian Oil Corp. and refining company Bharat Petroleum.
Engie $435M stake sale
Written by John McKay
Thursday, 09 March 2017
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