Total Inks Agreement to Purchase Toshiba's Portfolio of LNG Assets

摘要

Paris-Total SA has signed an agreement with Toshiba to take over Toshiba's portfolio of liquefied natural gas (LNG) assets for a net cash consideration of $800-million. Under the deal, Total will acquire all shares of Toshiba America LNG and will be assigned all contracts related to their LNG business by Toshiba Energy Systems and Solutions Corp. The transaction is anticipated to close by the end of the year, subject to regulatory and other approvals.