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Mergers & Acquisitions | 18 December 2012

Qatar Likely To Buy ADB's Stake In Petronet LNG

by Ahemad Shaikh
Qatar Likely To Buy ADB's Stake In Petronet LNG
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The ongoing tussle for ADB’s 5.2% stake in Petronet LNG Limited just got a direction with India offering Qatar the stake, according to Businesstoday.

This follows the earlier letter sent by Qatar’s Minister of Energy & Industry Mohammed bin Saleh Al-Sada to M Veerappa Moily confirming the preliminary evaluatory talks between Qatar Petroleum International (QPI) and Petronet and an intention to fast-track the deal.

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