Deals Rumor Mill: Total, Thai Life, Sumitomo

By Karlee Weinmann (June 25, 2013, 2:49 PM EDT) -- French energy major Total SA and San Francisco private equity firm Hellman & Friedman LLC are planning to unload their respective 30 percent stakes in Gaztransport & Technigaz SAS, a top supplier of hull linings for liquefied natural gas tankers, in an initial public offering, Reuters reported on Tuesday. The impending share listing could peg the company's value as high as $2.4 billion. The company holds a 70 percent share of the global market for hull-outfitting of LNG carriers. Primarily, the company caters to shipbuilders in China and Korea, and to date has equipped about 240 vessels. Aside from the stakes held by Total and Hellman & Friedman, GTT is also 40 percent owned by French utility GDF Suez SA....

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