Bapco Energies has announced the acquisition of minority stakes from Chevron and Boubyan Petrochemicals in Bapco Gas, formerly known as Banagas. This acquisition aligns with the vision of the Bapco Energies Board, led by Shaikh Nasser bin Hamad Al Khalifa, and will allow Bapco Energies to fully integrate Bapco Gas into its operations. Mark Thomas, Group CEO of Bapco Energies, expressed gratitude towards Chevron and Boubyan Petrochemicals for their past contributions. Lazard acted as the exclusive financial adviser for this transaction.
Energy, Financial Advisory,Bahrain, United States, Kuwait
https://www.zawya.com/en/markets/equities/bahrain-bapco-energies-acquires-minority-stakes-in-bapco-gas-q7n8y19d