Enagas Consortium Pulls Out of Bidding For France's TIGF
January 21 2013 - 2:44PM
Dow Jones News
A consortium of firms led by Spanish natural gas transport
company Enagas SA (ENGGY, ENG.MC) won't make a formal offer for
French Total SA's (TOT, FP.FR) gas storage unit TIGF, Enagas said
Monday.
The group, which included Borealis, Antin Infrastructure
Partners and Oman Oil company, had expressed an interest in bidding
in November.
Two people familiar with the matter told Dow Jones Newswires
last week that a group led by French power group Electricite de
France SA (EDF.FR) and another consortium led by state-owned
financial institution Caisse des Depots are the remaining bidders
for the asset, which according to analyst estimates is valued at
between 2.5 billion euros and 3 billion euros ($3.33 billion and $4
billion).
The companies must submit their final bids by Feb. 4, these
people said.
Write to Christopher Bjork at christopher.bjork@dowjones.com
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