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INEOS buying Forties pipeline?
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- Lemon Half
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Re: INEOS buying Forties pipeline?
Imagine being responsible for technical integrity of that asset in these circumstances ....
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- Lemon Slice
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Re: INEOS buying Forties pipeline?
The Mail puts a price tag on the sale: £200 million.
http://www.dailymail.co.uk/money/market ... eline.html
http://www.dailymail.co.uk/money/market ... eline.html
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- Lemon Slice
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Re: INEOS buying Forties pipeline?
It's official, here's the RNS statement.
http://www.investegate.co.uk/bp-plc--bp ... 21493077B/
Ineos is paying $125 million in cash plus as much as a further $125 million via an earn-out.
http://www.investegate.co.uk/bp-plc--bp ... 21493077B/
Ineos is paying $125 million in cash plus as much as a further $125 million via an earn-out.
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- Lemon Slice
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Re: INEOS buying Forties pipeline?
INEOS are taking on decommissioning liabilities. I did wonder if the deal might exclude those. Clearly INEOS see some real value here, as I don't imagine those are going to be trivial.
Peter
Peter
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