GDF International may exit Petronet today via a block deal

GDF International may exit Petronet today via a block deal

GDF International, France’s multi-national gas distribution and marketing company, is looking to sell its entire 10% stake worth $512 million (Rs 3,300 crore) in Petronet LNG India’s largest LNG terminal operator, through a block trade on Thursday, according to a term sheet seen by ET.

Investment bankers JP Morgan and Citigroup have got the mandate to arrange for buyers. Read More…

 

 

 

Credit By: The Economic Times

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