Loading...
Loading...

Charts Industries reached an agreement to sell the company

0

Chart Industries has announced a definitive agreement to sell the company to First Reserve, the leading private equity firm specialising in the energy industry.

According to the terms of the deal, First Reserve Fund X, LP, an affiliate of First Reserve Corporation, will acquire all outstanding shares for a cash purchase price of $65.74 per share, less Chart’s transaction expenses.

The total transaction value is approximately $460 million.

Samuel F. Thomas, chief executive officer and president of Chart Industries, said: “This strategic transaction with First Reserve provides good value to our existing stockholders.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...