Inform
Shell sells 50% stake in SASREF to Saudi Aramco
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 21 April, Saudi Aramco announced it had agreed to acquire Shell's 50% stake in the SASREF refining joint venture for US$631 million. Wood Mackenzie's Net Cash Margin (NCM) analysis implies an EV/EBITDA multiple of ~3x for the transaction (assuming inventory transfer is excluded) and a weighting towards estimated 2018 site EBITDA. This EV/EBITDA multiple is low compared to recent regional transactions, reflecting the different circumstances of this asset.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Saudi Arabia other fields (sub-commercial)
This analysis lists the discoveries in Saudi Arabia that have yet to be developed.
$3,720
Asset Report
Khnaiguiyah copper mine project
A detailed analysis of the Khnaiguiyah copper mine project.
$2,250
Asset Report
Al Amar gold mine
A detailed analysis of the Al Amar gold mine.
$2,250
