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Adani Gas

Company Summary

Description

Adani Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable and environment friendly fuel that allows consumers to enjoy a high level of safety, convenience and economic efficiency.

Website

https://www.adanigas.com/about-us

Recent news

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Company Transactions

Date: 10/15/2019
Type: Acquisition

BUYERS:
  • TotalEnergies
    • SELLERS:
  • Adani Gas
    • DETAILS:

    COST: 600 $MM

    NOTES:
    Total has entered into a deal to acquire a 37.4% stake in India's Adani Gas Ltd for $600 million. The purchase will be done via a tender offer to public shareholders for up to 25.2% and to the Adani family for the remainder of the stake.
    REGIONS:
  • Asia