Radar > 240383

Glencore and Origin Energy could be selling Energía Austral

Glencore y Origin Energy habrían puesto en venta Energía Austral

Intel ID : 240383
Synopsis

Glencore (LSE:GLEN), a Switzerland-based mining company, and Origin Energy, an Australia-based oil company, could be selling 100% of its Chile-based joint venture, Energía Austral, a hydropower project developer, reported Reuters on 8 September 2016, citing sources familiar with the matter.

According to the report, the sale of Energía Austral, announced since January2016 (see related intel), is advised by Standard Chartered and includes the sale of Glencore's 66% stake and Origin Energy's 34%.

The sources refused to put a price on Energía Austral, which spent USD 220m in hydroelectric power projects, and noted there is no deadline to submit bids.
(content in spanish)

Glencore (LSE:GLEN), minera suiza, y Origin Energy, petrolera australiana, habrían puesto en venta su joint venture chilena, Energía Austral, dedicada al desarrollo de proyectos hidroeléctricos, ha publicado Reuters el 8 de septiembre de 2016, citando fuentes cercanas al asunto.

La venta de Energía Austral, que se ha anunciado desde enero de 2016 (ver Intels relacionados), podría ser asesorada por Standard Chartered y comprende la venta del 66% de la propiedad de Glencore y el 34% de la propiedad de Origin Energy.

Las fuentes se han negado a poner un precio a Energía Austral, que ha gastado USD 220m en los proyectos de energía hidroeléctrica, y han informado que aún no hay fecha límite para las ofertas.

Target

Chile

Advisors

prospect

Seller

Glencore
Switzerland

Intel ID 240383
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

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

Seller

Name
potential
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Energy and Renewable Energies / Oil and Gas
Natural Resources / Agriculture, Agribusiness, Farming and Fishing
Primary Sector (TTRSC)
55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
20.02.01 Coal & Lignite Production
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Seller

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

Financial Advisory

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.