ContourGlobal due diligence on Alpek plants in Mexico
Source - SMW
Alpek and ContourGlobal have entered a 60-day exclusive period in relation to the acquisition of Alpek's cogeneration power plants in Mexico.
Alpek and ContourGlobal said this exclusivity period was to conduct confirmatory due diligence and negotiate final agreements in relation to the potential acquisition of the plants in Cosoleacaque and Altamira. Alpek and ContourGlobal said they would disclose the economic terms of the potential transaction upon signing of the final agreements.
They said the closing of the transaction was subject to approval by the appropriate authorities, among other conditions.
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