Alpek de CV : and ContourGlobal entered a 60-day exclusive period in relation to the acquisition of ’s cogeneration power plants in Mexico
November 09, 2017 at 04:29 pm EST
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Joint News Release
Alpek and ContourGlobal entered a 60-day exclusive period in relation to the acquisition of Alpek's cogeneration power plants in Mexico
Monterrey, Mexico - November 9, 2017 - Alpek, S.A.B. de C.V. ("Alpek") and ContourGlobal entered into a 60-day exclusivity period to conduct confirmatory due diligence and negotiate final agreements in relation to ContourGlobal's potential acquisition of Alpek's cogeneration power plants in Cosoleacaque and Altamira, Mexico.
Alpek and ContourGlobal will disclose the economic terms of the potential transaction upon signing of the final agreements. The closing of this transaction is subject to approval by the appropriate authorities, among other conditions.
About Alpek:
Alpek is a leading petrochemical company operating two business segments: "Polyester" (PTA, PET and polyester fibers), and "Plastics & Chemicals" (polypropylene, expandable polystyrene, caprolactam, and other specialty and industrial chemicals). Alpek is an integrated producer of PTA and PET in North America, the largest expandable polystyrene manufacturer in the Americas, and the only producer of caprolactam in Mexico. Alpek also operates one of the largest polypropylene facilities in North America. In 2016, Alpek reported revenues of U.S. $4.8 billion and EBITDA of
U.S. $669 million. The Company operates 23 plants in the United States, Mexico, Canada, Brazil, Argentina and Chile, and employs more than 5,200 people. Alpek is a publicly traded company listed on the Mexican Stock Exchange.
About ContourGlobal:
ContourGlobal is an international power generation company with approximately 4,100 MW in operation in 19 countries across Europe, Latin America and Africa. ContourGlobal operates a portfolio of 69 thermal and renewable power plants utilizing a wide-range of technologies including wind, solar, hydroelectric, natural gas and coal. ContourGlobal is a publicly traded company listed on the London Stock Exchange.
Contacts:
ALPEK
Hernán F. Lozano Investor Relations Officer
+52 (81) 8748-1146
hlozano@alpek.com
CONTOURGLOBAL
Alice Heathcote
SVP for Capital Markets & Investor Relations
+1 (646) 386-9901
alice.heathcote@contourglobal.com
Alpek SAB de CV published this content on 09 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 November 2017 21:28:01 UTC.
Original documenthttp://www.alpek.com/pdf/2017/english/Alpek-Cogeneration-Exclusivity-Agreement.pdf
Public permalinkhttp://www.publicnow.com/view/BB915B8034204097EAABED98BBA5419BDE2FEC33
Alpek SAB de CV is a Mexico-based company engaged in the chemicals sector. The Company's activities are divided into two business segments: Polyester and Plastics & Chemicals. The Polyester division focuses on the manufacture and distribution of purified terephthalic acid (PTA), polyethylene terephthalate (PET) and polyester fiber. The Plastics & Chemicals division is responsible for the production of polypropylene (PP), expandable polystyrene (EPS), caprolactam (CPL), ammonium sulfate, as well as specialty and industrial chemicals, such as surfactants, ethoxilates, glycoethers and desemulsionates. The Company's products are used in a range of industries, including consumer goods, food and beverages, automotive, construction, agriculture, oil and gas, as well as pharmaceuticals. It operates a number of production plants in the Americas. The Company is controlled by Alfa SAB de CV.
ALPEK, S.A.B. DE C.V. 
