Essar Oil Acquires Stanlow Refinery and Associated Local Marketing Business from Royal Dutch Shell - The Deal Allows Essar to Expand its Refinery Capacity Significantly - Deal Analysis From GlobalData by GlobalData

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									         Essar Oil Acquires Stanlow Refinery and Associated Local
        Marketing Business from Royal Dutch Shell - The Deal Allows
         Essar to Expand its Refinery Capacity Significantly - Deal
                         Analysis From GlobalData
       Reference Code: GDGE0327M&A                                                                                                 Publication Date: September 2011


       1         Table of Contents
       1 Table of Contents.................................................................1
        1.1 List of Tables .................................................................1
        1.2 List of Figures ................................................................1
       2 Essar Oil Acquires Stanlow Refinery and Associated Local
         Marketing Business from Royal Dutch Shell ........................2
        2.1 Deal Overview ...............................................................2
        2.2 Deal in Brief ...................................................................2
        2.3 Essar Bought Stanlow Refinery for $350m and
             Inventories for $916m from Shell...................................2
        2.4 The Acquisition is in Line With Essar’s Strategy to
             Provide Options for the Export Of its Vadinar Refinery
             Products ........................................................................3
        2.5 The Deal is in Line with Shell’s Strategy to Restructure
             its Downstream Operations ...........................................5
        2.6 The Current Deal is Under-priced Compared to Other
             Refining Acquisitions and Asset Transactions in Europe
             in the First Quarter of 2011............................................7
        2.7 Deal Financials and Valuations .....................................7
       3 Appendix ..............................................................................9
        3.1 Methodology ..................................................................9
        3.2 Contact Us...................................................................10
        3.3 Disclaimer....................................................................10

       1.1       List of Tables
       Table 1: Stanlow Refinery, Asset Details, September 2011 ....3
       Table 2: Europe, Top 20 Refineries Based on Refining
                  Capacity, 2010, bbl/d ................................................4
       Table 3: Royal Dutch Shell, Downstream Divestment Details,
                  2009–2011 (June) ....................................................6
       Table 4: Europe, Refining Asset Transactions and Acquisitions
                  Details, Q1 2011 .......................................................7
       Table 5: Companies Involved ....................................................7
       Table 6: Financials of the Deal ..................................................8
       Table 7: Advisor Information ......................................................8
       Table 8: Target Information .......................................................8
       Table 9: Target’s Refining Information .......................................8
       Table 10: Company Valuation Multiples ....................................8
       Table 11: Acquirer Information ..................................................8
       Table 12: Vendor Information ...................................................9

       1.2       List of Figures
       Figure 1: Stanlow Refinery, The UK, Location Map ..................3




Essar Oil Acquires Stanlow Refinery and Associated Local Marketing                                                                                 GDGE0327M&A / SEP 2011
Business from Royal Dutch Shell - The Deal Allows Essar to Expand its                                                                                              Page 1
Refinery Capacity Significantly                                                                     © GlobalData. This report is a licensed product and is not to be photocopied
                                                                           2.3    Essar Bought Stanlow Refinery for $350m
       2       Essar Oil Acquires Stanlow Refinery                                and Inventories for $916m from Shell
               and Associated Local Marketing                              On August 1, 2011, Essar announced the completion of the
               Business from Royal Dutch Shell                             acquisition of Stanlow oil refinery and other associated assets
                                                                           of the refinery, near Ellesmere Port in the north west of
       2.1     Deal Overview                                               England, from Shell UK Limited for $350m.
       Deal Type:                   Asset Transactions                     As per the Essar’s Circular to Shareholders and Notice of
                                                                           General Meeting dated July 2011, the acquisition of Stanlow
       Deal Status:                 Completed
                                                                           refinery by Essar Energy included, “all the fixed assets, the
       Announced Date:              February 18, 2011                      transfer of most of the land at the Stanlow refinery site
              
								
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