Deals
Gas Natural Said Among Final Bidders in IFM's Pacific Hydro Sale
- Final bids for renewable energy company are due Friday
- Assets in Latin America, Australia may be sold separately
This article is for subscribers only.
Spanish distributor Gas Natural SDG SA and Norwegian state power generator Statkraft AS are planning final bids for Pacific Hydro Pty’s Latin American renewable energy assets, people with knowledge of the matter said.
U.S.-based AES Corp. is also preparing an offer for Pacific Hydro’s Latin American plants by the Friday deadline, while buyout firm Pacific Equity Partners Pty is planning to submit a binding bid for the company’s Australian projects, the people said. The two sets of assets may fetch more than A$2 billion ($1.5 billion) combined, two of the people said, asking not to be identified as the details are private.