Repsol and Mobil want to acquire Bridas

Jul 14, 1997 02:00 AM

June 23, 1997 Repsol and Mobil are actively discussing the acquisition of the Argentinean gas & oil company Bridas, and are to present an offer for its assets to Bulgheroni group by early July. The main pending question for the offer is the debts of Bridas with the Argentinean government still to be audited and put around $ 500 mm. Bridas' assets are estimated between $ 1 bn - $ 1.4 bn, to be discounted the pending debts on it.

Source: not available
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