Radar > 222518

Grupo Bal creates Petrobal to explore the energy sector

Grupo Bal crea Petrobal para la explotacion del sector energético

Intel ID : 222518
Synopsis

Mexico-based Grupo Bal announced the creation of Petrobal to explore and exploit hydrocarbons. This deal takes place after the sector was opened to private investment.

Grupo Bal is headed by Mexican billionaire Alberto Bailleres, and is constituted by the following companies: GNP Seguros, pension fund Profuturo and by store chain El Palacio del Hierro.
(content in spanish)

El conglomerado mexicano Grupo Bal, ha anunciado la creación de la empresa Petrobal para la incursión del negocio en el sector energético, con el fin de explorar y explotar hidrocarburos. Esta operación se realiza después de la apertura de dicho sector a la inversión privada.

Entre las empresas que forman el Grupo Bal, presidido por el magnate mexicano Alberto Bailleres, se encuentran GNP Seguros, el fondo de pensiones Profuturo y la cadena departamental El Palacio del Hierro.

Bidder

Target


Intel ID 222518
Value ND
Native Currency Mexican Peso (MXN)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
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Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Industry / Steel, Metallurgy and Industrial Production (Primary)
Services and Distribution / Financial and Insurance
Services and Distribution / Distribution and Retail
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Target

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

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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.