ContourGlobal closes in on loan

ContourGlobal closes in on loan

Loans M&A Debt Energy Electricity Mexico Europe Canada

ContourGlobal is close to securing a seven-year, $625m loan to fund the acquisition in Mexico of two power plants and the rights to develop a third, sources told LatinFinance. Scotiabank began syndicating the loan in mid-July and could close the deal in the next few weeks, the same time as the $801m acquisition, sources said. The UK-based power generation company will use the money to buy the two plants from the Mexican petrochemical company Alpek and finance construction of the third. The two o

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