Report
Ahmed Ben Salem

BP : BP surprend et cède tous ses actifs dans la pétrochimie pour 5 Md$

>Une cession surprise mais sensée - BP a annoncé la cession de son activité pétrochimique à INEOS pour 5 Md$. Le désengagement de BP de sa branche pétrochimique n’était pas attendu et ses actifs n’étaient pas mis sur le marché. La cession s’est faite sur la base d’un multiple de VE/EBITDA moyen sur les trois dernières années de 7.2x (un EBIT de 550 M$ en ligne avec l’objectif du groupe annoncé lors d’un field trip en 2017 et un DD&A de 150 M$). Ce multiple nous sembl...
Underlying
BP p.l.c.

BP is an integrated oil and gas group based in the United Kingdom. Co. is engaged in the exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and the manufacture and marketing of petrochemicals. Co. operates globally, with business activities in Europe, the U.S., Canada, Russia, South America, Australasia, Asia and parts of Africa. Co. operates in two business segments: Exploration and Production - including oil and natural gas exploration and development and production; and Refining and Marketing- activities include the refining, manufacturing, supply and trading, marketing and transportation of crude oil, petroleum and petrochemicals.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ahmed Ben Salem

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