Panama buys out Petroterminal de Panama for US$191.7 million, taking full state ownership of the oil pipeline and terminals without adding public debt.
Panama · ENERGY
Key Facts
—Deal value US$191.7 million for 41% of Petroterminal de Panama
—Ownership change State goes from 59% to 100%
—Approval body Cabinet Council (Consejo de Gabinete)
Panama begins buying the 41% stake in Petroterminal from US firm NIC Holding, taking full control of the pipeline that bypasses…
The Panamanian government said on July 17 it would buy the remaining 41 percent private stake in Petroterminal from a U.S.…
La operación contempla un financiamiento de hasta $200 millones cuyo repago se apoyará principalmente en los dividendos…
La operación se financiará con los ingresos de la propia compañía, sin recursos del Tesoro ni nueva deuda pública. El precio y el…
Demand from China and other Asian markets for energy products that terminal expansions will accommodate is expected to double.
Panama debt refinancing repaid about US$2.7 billion of loans early and raised US$570 million in new money, extending maturities…
Panama Canal is running low on water, and it's rationing ships to cope: What that means for global shipping
