Radar > 237341

Glencore and Origin Energy would sell Energía Austral jointly

Glencore y Origin Energy venderían Energía Austral conjuntamente

Intel ID : 237341
Synopsis

Glencore (LON:GLEN), a Switzerland-based mining company, and Origin Energy, an Australia-based oil company, could jointly sell 100% of its Chile-based joint venture, Energía Austral, a hydropower project developer, reported Diario Financiero on 3 June, 2016.

According to the report, the companies retained an unidentified Asian bank and France-based BNP Paribas (Euronext Paris:BNP) to carry out the sale process.

In the last few days, Glencore and Origin finalized the fitting out of the documents for the digital data room to which interested bidders will have access, the report stated.

The potential sale of Energía Austral by Glencore was already reported in January (see related intel).
(content in spanish)

Glencore (LON:GLEN), minera suiza, y Origin Energy, petrolera australiana, venderían conjuntamente el 100% de su joint venture chilena, Energía Austral, dedicada al desarrollo de proyectos hidroeléctricos, ha publicado Diario Financiero el 3 de junio de 2016.

Según lo publicado, las empresas han contratado a un banco asiático cuya indentidad no ha trascendido y al francés BNP Paribas (Euronext Paris:BNP) para llevar a cabo el proceso de venta.

Durante estos últimos días, Glencore y Origin habrían concluido la habilitación de los documentos para el data room digital al que podrán acceder los interesados, de acuerdo con la información.

La potencial venta de Energía Austral por parte de Glencore ya se había informado en enero (ver intel relacionado).

Seller

Glencore
Switzerland

Advisors

retained
Australia

Advisors

retained

Intel ID 237341
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.