Radar > 232588

Copec could be keen to acquire copper mine Lomas Bayas held by Glencore

Copec estaría interesada en la adquisición de la mina de cobre Lomas Bayas a Glencore

Intel ID : 232588
Synopsis

Chile-based Copec could be interested in acquiring copper mine Lomas Bayas held by Switzerland-based Glencore, for an amount ranging between USD 1.1bn and USD 1.5bn, as reported by newspaper Diario Financiero on 4 January 2016.

Two investment funds, whose identities were not disclosed, may have submitted significant offers.

This sale is part of Glencore's strategy to reduce its debt.
(content in spanish)

La empresa chilena Copec podría estar interesada en la adquisición de la mina de cobre Lomas Bayas propiedad de la suiza Glencore por un importe que oscilaría entre los USD 1.100m y los USD 1.500m, según ha reportado el Diario Financiero el 4 de enero de 2016.

Dos fondos de inversión extranjeros cuyas identidades no han sido divulgadas podrían haber presentado sendas ofertas.

La enajenación de Lomas Bayas se enmarca en el proceso de reducción de la deuda que mantiene Glencore.

Bidder

Copec
Chile

Advisors

prospect

Seller

Glencore
Switzerland

Intel ID 232588
Value EUR 1,19m (Approx.)
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Copec
(31 Dec 2013)
Revenue: EUR 17,65m
EBITDA: EUR 1,43m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.07 Oil & Gas Storage, Distribution & Retail (Downstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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

Legal 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.