Pathway 2
Acquisition & Share Purchase
Evaluating existing opportunities alongside new development.
Target Opportunities
In addition to developing its own 25,000 BPD refinery, HEXA intends to actively evaluate existing opportunities across four primary domains.
1. Approved Projects
- Regulatory approvals obtained
- Land has been secured
- Feasibility has been undertaken
- Project development commenced
- Sponsors seeking capital or exit
2. Existing Refineries
- Operating refineries
- Temporarily shut refineries
- Underutilised refineries
- Refineries requiring modernisation
- Assets requiring working capital
3. Share Purchases
- Minority shares
- Significant minority positions
- Majority shares
- Controlling interests
- 100% full ownership acquisitions
4. Joint Ventures
- Existing refinery owners
- Industrial groups
- International investors
- Technology providers
- Petroleum & Financial institutions
Indicative Acquisition Envelope
Up to $300M
This is an indicative transaction evaluation envelope, not a declaration that USD 300 million is currently committed or available as cash. Subject to transaction-specific financing and rigorous due diligence.
Evaluation Matrix
Each transaction would be stringently evaluated according to:
Asset Value +
Replacement Cost +
Regulatory Position +
Cash Flow +
Debt +
Technical Condition +
Market Position +
Future Investment Req.
Acquisition Process
1
Opportunity2
NDA3
Prelim. Review4
Due Diligence5
Valuation6
Financing7
Negotiation8
Agreements9
RegulatoryClosing
1
Opportunity2
NDA3
Preliminary Review4
Due Diligence5
Valuation6
Financing7
Negotiation8
Definitive Agreements9
Regulatory Approvals Closing