Real Assets

Multi-million Pound Deal Sees New Ownership In Dragon Lng Terminal In Milford Haven

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Infrastructure investment manager Ancala Partners has acquired a 50% stake. : The Dragon LNG (liquefied natural gas) terminal in Pembrokeshire has been partly acquired in a multi-million pound deal. Ancala Partners, the independent infrastructure investment manager, has taken on a 50% interest in the regasification terminal located at Milford Haven from Patronas. However, according to latest accounts, Dragon LNG Group had total equity in the year to end of December of 2018, of £293m. During the year it generated revenues of  £69m with a pre-tax profit of £14.5m. It also made shareholder payments of £36.4m.