Indian oil & gas firm Swan Energy have announced plans to sell a stake in one of its liquefied natural gas (LNG) terminals, to Turkish state energy company BOTAS in a deal worth $399 million (€360 million).
Swan Energy is the majority owner of Triumph Offshore (TOPL), the company that owns the LNG terminal in question. Fertiliser firm Indian Farmers Fertiliser Cooperative (IFFCO) controls the rest.
Swan Energy bought a 49% stake in Triumph for a deal worth 4.4 billion rupees (€47 billion) from IFFCO in June, reports Reuters.
