First Reserve buys Chart
Chart Industries is to be sold with the deal expected to be completed by October.
The company has announced it has reached an agreement with First Reserve Corporation, a private equity firm which specialises in the energy industry.
First Reserve Fund, an affiliate of First Reserve Corporation, will acquire outstanding shares for a cash purchase price of $65.74 per share, less Chart’s transaction expenses.
It is expected that Chart’s outstanding debt will be repaid by First Reserve at closing, for a total transaction value of approximately $460 million.
... to continue reading you must be subscribed
Subscribe Today
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.
