Radar > 238934

Petrolera del Conosur refutes negotiations for its sale

Petrolera del Conosur desmiente negociaciones para su venta

Intel ID : 238934
Synopsis

Petrolera del Conosur (BCBA:PSUR), an Argentina-based oil company, refuted the existence of advanced talks or an imminent sale transaction of the company by PDVSA to Argentina-based GMM, announced Petrolera del Conosur in a filing published by regulator Comisión Nacional de Valores on 20 July 2016.

On 18 July, Bloomberg reported the sale of 95% of Petrolera del Conosur could materialize this week (see related intel).

The company made the announcement given the sudden increase in its market share price.
(content in spanish)

Petrolera del Conosur (BCBA:PSUR), petrolera argentina, ha desmentido la existencia de negociaciones avanzadas o una inminente transacción de venta de la empresa por parte de PDVSA a la argentina GMM, ha anunciado Petrolera del Conosur en un hecho relevante publicado por la Comisión Nacional de Valores el 20 de julio de 2016.

El 18 de julio, Bloomberg había reportado que la venta del 95% de Petrolera del Conosur podría llegar a concretarse esta semana (ver intel relacionado).

La empresa ha hecho el anuncio debido al aumento repentino en la cotización de sus acciones.

Target


Intel ID 238934
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

Target

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

Related Entity

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

Related Entity

Name
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

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.