MADRID (Reuters) – Spain’s gas grid operator Enagas and its partner OMERS hired investment banks Rothschild & Co and Credit Suisse to sell their stakes in a Chilean gas plant, Expansion newspaper said on Friday.
Enagas is seeking to dispose of its near 45% stake in the plant that converts liqueified natural gas back into gas for the Chilean market in the Quintero port as part of a broader plan to sell assets, the newspaper said, citing unidentified financial sources.
Canadian pension fund OMERS owns nearly 35% of the Quintero plant and also seeks to sell its stake, Expansion said.
The plant would be worth more than 1 billion euros ($1.17 billion), it said.
An Enagas spokesperson declined to comment. Rothschild and Credit Suisse did not return phone calls seeking comment.
($1 = 0.8521 euros)
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