Total buys Toshiba's contracts with Freeport LNG in $800M deal [Seeking Alpha]
TOSHIBA CORP UNSP/ADR (TOSYY)
NASDAQ:AMEX Investor Relations:
toshiba.co.jp/about/ir/en/finance/index.htm
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Source: Seeking Alpha
Total buys Toshiba's contracts with Freeport LNG in $800M deal - Toshiba Corporation (OTCMKTS:TOSBF) | Seeking Alpha Energy Total buys Toshiba's contracts with Freeport LNG in $800M deal Jun. 1, 2019 11:14 AM ET | Toshiba Corporation (TOSBF) Carl Surran Total (NYSE: TOT agrees to take over OTCPK:TOSBF TOT will pay Toshiba $15M for the shares in the U.S. assets, while Toshiba will pay TOT $815M to take over all the contracts linked to the business. The deal will give TOT control over 2.2M mt/year of LNG to be produced by the third train at the Freeport LNG export terminal in Texas; the facility is preparing to begin production from its first train, after several construction- and weather-related delays slowed the project. Click to subscribe to real-time analytics on TOSBF Now read: PHX Energy: An Oilfield Services Firm Leveraged To Improving Commodity Prices » Subscribe
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