BG Unloads Chilean LNG Terminal

BG Unloads Chilean LNG Terminal

Chile Europe M&A

BG Group has agreed to sell its 40% stake in the GNL Quintero liquid natural gas (LNG) terminal to Spain's Enagas for as much as $352m, the companies say. With the move BG completes an exit it has been contemplating since last year, and Endesa, controller of Enagas, boosts its position in Quintero to 60% and gains more access to LNG supply. Under a two-stage deal, BG plans to sell its equity in the regasification terminal in two 20%, or $176m, tranches, the second subject to partner and lender c

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