Wed, 24 Oct 2012 | BUSINESS SALE
A gas plant has come up for sale near Billingham, it has been revealed.
Teesside Gas Processing Plant, located near Seal Sands, could fetch in the region of £250 million, according to reports from traders and others working in the city.
Deutsche Bank are the plant's main owners at the moment, along with CarVal Investors (a subsidiary of the Cargill Group) and Matlin Patterson, an American private equity firm. German energy group RWE are the main owner-operators, along with Canadian oil and gas company Sterling Resources.
The sale has only just been floated, but the gas plant's chief executive Andy Hepple told the Northern Echo that the upcoming change of hands will not affect the day to day operations on site.
“It is very much business as usual,” he remarked. “The people who work there should not be impacted by it.”
The plant processes up to 800 million cubic feet of North Sea gas a day and draws its raw material from the Breagh field on the Dogger Shelf. This is one of the largest gas discoveries in recent times
An opportunity has arisen to purchase a UK based distributor in the South West of England providing electronic Printed Circuit Board (PCB) manufacturing and solder products and Electrostatic Discharge (ESD) workwear across the UK and Europe. Througho...
An opportunity has arisen to purchase an interior joinery specialist with a portfolio of luxury design projects for a thriving, premium client base. From its dedicated manufacturing facility in the South East UK, this company excels in crafting joine...
This is a unique opportunity to acquire a leading Asian tour operator, renowned for its award-winning group holiday tours and strong client base, specialising particularly in the UK and Europe.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.