published on: 2 June 2020
Broadview announces agreement to sell Molgas
Broadview Holding B.V. – through its subsidiary Broadview Energy Solutions B.V. – reached an agreement to sell its 43,3% stake in Molgas Energy Holding S.L. (“Molgas”) to funds managed by InfraVia Capital Partners. Completion of the transaction is conditional upon the satisfaction of certain conditions precedent and is expected before the end of July.
The main activity of Molgas is the distribution of liquefied natural gas (LNG) for industrial, road transport and maritime applications. Molgas has approximately 260 employees and sales in 2019 amounted to EUR 105,7 million.
Broadview Energy Solutions B.V. manages the Energy cluster under Broadview Holding, which also includes Barents Naturgass (Norway), Aritaş (Turkey) and Cryogenic Container Solutions (The Netherlands).
The equity stake in Molgas was acquired in 2015 and after years of good partnership, all shareholders jointly decided to sell. Broadview will continue to pursue opportunities in the natural gas value chain and in related fields such as bio-fuels and renewable power.
‘s-Hertogenbosch, 1 June 2020
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