FRANCE - Hellman & Friedman acquire 30% of GTT for EUR 330m
Hellman & Friedman has acquired Saipem’s 30% stake in Gaztransport & Technigaz (GTT) for EUR 330m. Gaz de France and Total retain their respective 40% and 30% stakes.
Paris based GTT is a highly-specialised marine technology company which concentrates on the engineering and design of membrane containment systems for the storage and transportation of LNG on ships. The company provides expertise to the major LNG shipbuilders worldwide.
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