Professional M&A intelligence for the energy transition
Phillips 66 announced an agreement to purchase the remaining 50% interest in WRB Refining LP from Cenovus Energy for approximately $2.2 billion in cash. The transaction will give Phillips 66 full ownership of the joint‑venture refinery complex in Wood River and Roxana, Illinois, expanding control of its refinery assets and optimizing integration with its upstream […]
Stonepeak and Energy Equation Partners acquired a 65% interest in JET Tankstellen Deutschland GmbH, a fuel retailer in Germany and Austria, from a subsidiary of Phillips 66 (NYSE: PSX). The deal is valued at around €2.5 billion (about $2.9 billion). Phillips 66 will retain a 35% minority interest in JET as part of the deal through […]
Shell plc has completed the sale of its Singapore Energy and Chemicals Park to CAPGC Pte. Ltd., a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd. The transaction was executed through the sale of shares in Aster Chemicals and Energy Pte. Ltd., a subsidiary of Shell Singapore, transferring ownership […]
Phillips 66 (NYSE:PSX) subsidiary Phillips 66 Continental Holding GmbH agreed to divest a 65% interest in its Germany and Austria retail marketing business, including JET-branded sites. The buyer is a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak. Phillips 66 will retain a non-operated 35% interest in the business through a […]
ERS Infrastructure closed €770 million in new debt facilities at Borealis Spain Parent B.V., the holding company for OMERS ~25% stake in Exolum. Exolum is a Spanish-headquartered global energy logistics infrastructure company providing specialised solutions to support the energy transition in which OMERS has been directly invested since 2016. The company owns the transmission pipeline […]
Sunoco LP (NYSE: SUN) and SunocoCorp LLC (NYSE: SUNC) acquired TanQuid GmbH & Co. KG for about €500 million, including approximately €300 million of assumed debt. TanQuid is Germany's largest independent terminal operator with a portfolio of 15 terminals located in Germany and one terminal located in Southwestern Poland. This infrastructure serves an important role […]