• EKSPLORASI.ID
  • MONETER.ID
  • BANTEN.CO
Rabu, Oktober 29, 2025
  • Login
EKSPLORASI.ID
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
EKSPLORASI.ID
No Result
View All Result
Home ENGLISH NEWS

SSE to Sell $755 Million Stake in Scotia Gas to Abu Dhabi

by Eksplorasi.id
18 Oktober 2016
in ENGLISH NEWS
0
SSE to Sell $755 Million Stake in Scotia Gas to Abu Dhabi

SSE Plc | Photos : LinkedIn

0
SHARES
58
VIEWS
Share on WhatsappShare on Facebook

Eksplorasi.id – SSE Plc, Britain’s second-biggest energy supplier, agreed to sell a 16.7 percent stake in its Scotia Gas Networks distribution business to the Abu Dhabi Investment Authority.

SSE Plc | Photos : LinkedIn
SSE Plc | Photos : LinkedIn

The 621 million-pound ($755 million) sale will be completed by the end of this month, SSE said Monday in an e-mailed statement. The Perth, Scotland-based company, which will keep a 33.3 percent equity stake in Scotia Gas, will outline its plans for the proceeds in an interim results statement on Nov. 9.

The deal follows a slump in profit at SSE and a writedown of power-generation and natural gas production assets by almost 1 billion pounds. The company purchased a 50 percent stake in Scotia Gas in 2005 for 505 million pounds. The transaction is expected to be completed by the end of this month, with the consideration being settled in cash.

The agreed price is higher than expected and “this should be taken as a positive by the market,” John Musk, a utilities analyst at RBC Europe Ltd., said in an e-mailed note.

After completing the sale, SSE will have an ownership interest in five energy networks valued at more than 7 billion pounds. The company expects this to increase, following investment, to almost 8.5 billion pounds by March 2018.

SSE shares dropped 0.3 percent to 1,542 pence as of 8:39 a.m. local time. The U.K.’s FTSE 100 Index fell 0.5 percent. If proceeds from the transaction are returned to shareholders, “it could provide a short-term positive catalyst for the share price,” Jefferies International Ltd. said. “We continue to believe that SSE faces headwinds in its domestic energy supply and power generation business at a time of heightened policy risk in the U.K.”

Source : Bloomberg

Tags: Abu Dhabi Investment AuthorityheadlineScotia Gas NetworksSSE Plc
Eksplorasi.id

Eksplorasi.id

Next Post
Newmont, Barrick Agree More on Present Than Future Value of Mine

Newmont, Barrick Agree More on Present Than Future Value of Mine

Tinggalkan Balasan Batalkan balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Ramadhan, Konsumsi Elpiji Bogor Naik 30 Persen

Ramadhan, Konsumsi Elpiji Bogor Naik 30 Persen

9 tahun ago
Antam Adakan Pasar Murah

Antam Adakan Pasar Murah

9 tahun ago

Sering Dibaca

  • Menyigi Kedekatan Massa Manik dan Grup Danatama

    Menyigi Kedekatan Massa Manik dan Grup Danatama

    0 shares
    Share 0 Tweet 0
  • PBNU siap kelola konsesi tambang batu bara seluas 26 ribu hektare di Kaltim

    0 shares
    Share 0 Tweet 0
  • PGN teken amandemen ke-4 atas pinjaman senilai Rp2,16 triliun dengan Saka Energi

    0 shares
    Share 0 Tweet 0
  • Setelah setujui POD lapangan Geng North dan Gehem, Kementerian ESDM bidik blok Andaman

    0 shares
    Share 0 Tweet 0
  • Bersumber dari PLTBm, PLN tambah pasokan listrik ramah lingkungan

    0 shares
    Share 0 Tweet 0

RSS Moneter.id

  • Laporan WRI 2025: 7 dari 10 ‘Knowledge Workers’ di Indonesia Tidak Memiliki Hubungan yang Sehat dengan Pekerjaannya 28 Oktober 2025
  • Hari Ekonomi Kreatif Nasional 2025: Ekraf Jadi Mesin Pertumbuhan dan Daya Saing Global 28 Oktober 2025
  • Superbank Kantongi Laba Sebelum Pajak Sebesar Rp80,9 Miliar 28 Oktober 2025
  • Bank Sumut Raih Penghargaan Kategori Tingkat Keterhunian Tertinggi 2025 dari BP Tapera 28 Oktober 2025
  • Transaksi Layanan Digital Bank Mandiri Tembus Rp3.220 Triliun 28 Oktober 2025
  • Prapenjualan BSD Naik 4% di Kuartal III/2025 28 Oktober 2025
  • Asuransi Sinar Mas Tandatangani MoU dengan BASE untuk Energy Saving Insurance (ESI) di Indonesia 28 Oktober 2025
  • Bisnis Harus Waspada Terhadap Skema Serangan SEO 28 Oktober 2025
  • PT Sararna Multi Infrastruktur Gandeng Bank Mandiri Salurkan Kredit Sindikasi Rp4 Triliun kepada Hutama Karya 28 Oktober 2025
  • Kolaborasi Allianz Life Indonesia dan Maybank Indonesia Hadirkan MyProtection Simple di Aplikasi M2U ID 28 Oktober 2025
EKSPLORASI.ID

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Navigate Site

  • REDAKSI
  • KETENTUAN LAYANAN
  • PEDOMAN SIBER
  • HUBUNGI KAMI

Follow Us

No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In