Uniper hires Goldman to sell stake in Italy LNG terminal
MILAN/FRANKFURT (Reuters) -- Germany's Uniper has hired Goldman Sachs to sell its stake in a LNG terminal in Italy, a deal that could value the whole business at $1.1 billion, three people familiar with the deal told Reuters.
Books have been opened for due diligence on OLT Offshore LNG Toscana's business and a deal could materialise in the first half of 2017, the people said, also adding that there was no guarantee that a sale would take place.
Energy firm Uniper holds a 48.24% stake in the OLT terminal, while Italian utility group Iren owns 49.07%. The remaining 2.69% stake is held by US-based shipping group Golar LNG.
Uniper, Goldman Sachs, OLT and Iren declined to comment. Golar LNG was not immediately available for comment.
Reporting by Stephen Jewkes, Christoph Steitz, Arno Schuetze, Tom Kaeckenhoff and Alexander Huebner
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