AIRLINK 201.08 Increased By ▲ 7.52 (3.89%)
BOP 10.17 Increased By ▲ 0.22 (2.21%)
CNERGY 7.63 Decreased By ▼ -0.30 (-3.78%)
FCCL 40.10 Decreased By ▼ -0.55 (-1.35%)
FFL 16.86 No Change ▼ 0.00 (0%)
FLYNG 26.79 Decreased By ▼ -0.96 (-3.46%)
HUBC 132.62 Increased By ▲ 0.04 (0.03%)
HUMNL 13.95 Increased By ▲ 0.06 (0.43%)
KEL 4.69 Increased By ▲ 0.09 (1.96%)
KOSM 6.60 Decreased By ▼ -0.02 (-0.3%)
MLCF 46.75 Decreased By ▼ -0.85 (-1.79%)
OGDC 212.80 Decreased By ▼ -1.11 (-0.52%)
PACE 6.90 Decreased By ▼ -0.03 (-0.43%)
PAEL 41.41 Increased By ▲ 0.17 (0.41%)
PIAHCLA 17.00 Decreased By ▼ -0.15 (-0.87%)
PIBTL 8.11 Decreased By ▼ -0.30 (-3.57%)
POWER 9.42 Decreased By ▼ -0.22 (-2.28%)
PPL 181.85 Decreased By ▼ -0.50 (-0.27%)
PRL 41.76 Decreased By ▼ -0.20 (-0.48%)
PTC 24.72 Decreased By ▼ -0.18 (-0.72%)
SEARL 111.01 Increased By ▲ 4.17 (3.9%)
SILK 0.99 No Change ▼ 0.00 (0%)
SSGC 44.00 Increased By ▲ 3.90 (9.73%)
SYM 18.84 Increased By ▲ 1.37 (7.84%)
TELE 8.88 Increased By ▲ 0.04 (0.45%)
TPLP 12.95 Increased By ▲ 0.20 (1.57%)
TRG 67.30 Increased By ▲ 0.35 (0.52%)
WAVESAPP 11.40 Increased By ▲ 0.07 (0.62%)
WTL 1.79 No Change ▼ 0.00 (0%)
YOUW 4.00 Decreased By ▼ -0.07 (-1.72%)
BR100 12,187 Increased By 141.8 (1.18%)
BR30 36,636 Increased By 55.5 (0.15%)
KSE100 114,917 Increased By 879.4 (0.77%)
KSE30 36,131 Increased By 337 (0.94%)

Global energy trader Vitol and its partners plan to float their Australian Viva Energy business, potentially worth nearly A$5 billion ($3.8 billion), in July, three people familiar with the transaction said on Tuesday. The owners want to sell up to 60 percent of the refinery, fuel supply and petrol stations business, in what would be Australia's biggest initial public offering since the government's float of Medibank Private in 2014.
They expect to fetch up to A$3 billion ($2.3 billion) from the sale, based on an earnings multiple in line with rival Caltex Australia Ltd on earnings before interest, tax, depreciation and amortisation (EBITDA) of A$650 million.
Caltex's enterprise value is around 7.3 times forecast EBITDA, according to Thomson Reuters data.

Copyright Reuters, 2018

Comments

Comments are closed.