Radar > 235607

Red Eléctrica Corporación interested in Abengoa assets in Chile and Peru

Red Eléctrica Corporación muestra interés en activos de Abengoa en Chile y Perú

Intel ID : 235607
Synopsis

Red Eléctrica Corporación (BME:REE), a Spain-based power marketing company, is said to be considering the acquisition of Spain-based Abengoa's (BME:ABG.P) assets in Chile and Peru, once the latter comes out of its insolvency, reported Reuters Latin America on 15 April, 2016, citing a source familiar with the matter.

According to the report, the assets in Peru would include a power line between Machu Picchu and Tintaya, which is under execution; while in Chile they would include over 3,000 kilometers of power lines and USD 180m transmission contracts, which Abengoa won weeks prior to declaring insolvency.

The Chilean and Peruvian markets would be in synch with Red Eléctrica Corporación's international expansion plan, the report stated. The Spain-based company already operates several projects in both countries.
(content in spanish)

Red Eléctrica Corporación (BME:REE), empresa española de comercialización de energía eléctrica, estaría considerando adquirir los activos de la española Abengoa (BME:ABG.P) en Chile y Perú, una vez que esta última salga de concurso, ha publicado Reuters América Latina el 15 de abril de 2016, citando una fuente cercana a la cuestión.

Según lo publicado, los activos en Perú incluirían una línea eléctrica entre Machu Picchu y Tintaya, que está en ejecución; mientras que en Chile serían más de 3.000 km de linea eléctricas y cuatro contratos de trasmisión por USD 180m, que Abengoa ha ganado semanas antes de entrar en preconcurso.

Los mercados chileno y peruano estarían en consonancia con el plan de internacionalización de la española, de acuerdo con la información. Red Eléctrica Corporación ya opera diversos proyectos en ambos países.

Intel ID 235607
Value ND
Native Currency Euro (EUR)
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Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Electric (Primary)
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Secondary Sectors (TTRSC)
20.03.05 Electric Utilities
20 Energy & Utilities / 20.03 Power Generation & Electric Utilities

Country
Website
Description

Target

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

Target

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

Seller

Name
potential
Subsector (Old TTR Sectors)
Technology and Telecoms / Technology (Primary)
Services and Distribution / Water and Sanitation
Primary Sector (TTRSC)
20.04.07 Renewable Energy Equipment
20 Energy & Utilities / 20.04 Renewable Energy

Secondary Sectors (TTRSC)
35.05.05 Industrial Wastewater Treatment
35 Industrials / 35.05 Environment & Waste Management

60.01.03 Telecoms Towers & Infrastructure
60 Telecommunications / 60.01 Telecommunications & Networking Hardware

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.