ContourGlobal PLC Joint release: Alpek and ContourGlobal (1136W)
10 November 2017 - 6:00PM
UK Regulatory
TIDMGLO
RNS Number : 1136W
ContourGlobal PLC
10 November 2017
Joint News Release
Alpek and ContourGlobal entered a 60-day exclusive period in
relation to the acquisition of Alpek's cogeneration power plants in
Mexico
Monterrey, Mexico - November 10, 2017 - Alpek, S.A.B. de C.V.
("Alpek") and ContourGlobal entered into a 60-day exclusivity
period to conduct confirmatory due diligence and negotiate final
agreements in relation to ContourGlobal's potential acquisition of
Alpek's cogeneration power plants in Cosoleacaque and Altamira,
Mexico.
Alpek and ContourGlobal will disclose the economic terms of the
potential transaction upon signing of the final agreements. The
closing of this transaction is subject to approval by the
appropriate authorities, among other conditions.
About Alpek:
Alpek is a leading petrochemical company operating two business
segments: "Polyester" (PTA, PET and polyester fibers), and
"Plastics & Chemicals" (polypropylene, expandable polystyrene,
caprolactam, and other specialty and industrial chemicals). Alpek
is an integrated producer of PTA and PET in North America, the
largest expandable polystyrene manufacturer in the Americas, and
the only producer of caprolactam in Mexico. Alpek also operates one
of the largest polypropylene facilities in North America. In 2016,
Alpek reported revenues of U.S. $4.8 billion and EBITDA of U.S.
$669 million. The Company operates 23 plants in the United States,
Mexico, Canada, Brazil, Argentina and Chile, and employs more than
5,200 people. Alpek is a publicly traded company listed on the
Mexican Stock Exchange.
About ContourGlobal:
ContourGlobal is an international power generation company with
approximately 4,100 MW in operation in 19 countries across Europe,
Latin America and Africa. ContourGlobal operates a portfolio of 69
thermal and renewable power plants utilizing a wide-range of
technologies including wind, solar, hydroelectric, natural gas and
coal. ContourGlobal is a publicly traded company listed on the
London Stock Exchange.
Contacts:
ALPEK
HernĂ¡n F. Lozano
Investor Relations Officer
+52 (81) 8748-1146
hlozano@alpek.com
CONTOURGLOBAL
Alice Heathcote
SVP for Capital Markets & Investor Relations
+1 (646) 386-9901
alice.heathcote@contourglobal.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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