Is $500m refinery deal about to be completed?

1:51pm Thursday 27th March 2014

Reuters is today (Thursday) reporting that the deal to sell the Murco Milford Haven refinery is near to completion.

Citing sources close to the negotiations, Reuters reports that a deal worth $500m will be completed shortly with private equity fund Greybull Capital.

The deal is set to be signed in mid-April, it is being said.

A souce told Reuters that it was understood that the refinery would continue to operate under Greybull.

Responding to the news, mid and west Wales Assembly Member Rebecca Evans, said: “I am encouraged by the media reports that a deal may be forthcoming which will secure the future of the refinery.
“This continues to be a worrying time for the workforce, and I join them in hoping for a positive outcome.”




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