Radar > 236834

GMM said to be interested in Argentine assets of PDVSA

GMM estaría interesado en activos argentinos de PDVSA

Intel ID : 236834
Synopsis

GMM, an Argentina-based fuel distributor, is said to be interested in acquiring Petrolera del Conosur, a company which holds the Argentine assets of Venezuela-based Petróleos de Venezuela (PDVSA), reported La Nación on 23 May, 2016.

Specifically, the Argentina-based business group may have submitted a management proposal with a purchase option to acquire the assets of Petrolera del Conosur, a subsidiary of the Venezuela-based oil company and owner of a network of 95 service stations.

Petrolera del Conosur is controlled by PDVSA Argentina, with 95%. The remaining 5% is listed on the Buenos Aires stock exchange.
(content in spanish)

GMM, empresa argentina dedicada a la distribución de combustibles, estaría interesada en adquirir Petrolera del Conosur, empresa que agrupa los activos argentinos de Petróleos de Venezuela (PDVSA), según ha informado La Nación el 23 de mayo de 2016.

En concreto, el grupo empresario argentino habría dejado a PDVSA una propuesta de gerenciamiento con opción de compra para hacerse cargo de los activos de Petrolera del Conosur, subsidiaria de la firma venezolana y dueña de una red de 95 estaciones de servicio.

Petrolera del Conosur pertenece en un 95% a Pdvsa Argentina, mientras que el 5% restante está colocado en la Bolsa de Buenos Aires.

Bidder

Argentina

Target

Seller

PDVSA
Venezuela

Intel ID 236834
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Petrolera del Conosur
(31 Dec 2010)
Revenue: -
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Services and Distribution / Distribution and Retail
Country
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.