ContourGlobal acquires Alpek's CHP portfolio in Mexico for $724 million

ContourGlobal agreed to acquire Alpek's portfolio of two natural gas-fired combined heat and power plants in Mexico, plus development rights for a third, for $724 million in cash plus $77 million refundable VAT.

“ContourGlobal today announces it has reached agreement with Alpek S.A.B. de C.V to acquire Alpek's portfolio of two natural gas-fired combined heat and power plants, together with development rights and permits for a third plant, for $724 million in cash.”shareprices.com

• 2 sources
• shareprices.comAcquisition of CHP Portfolio in Mexico from Alpek | Regulatory News | shareprices.comJan 7, 2019
• nsenergybusiness.comContourGlobal to acquire 932MW Mexican cogeneration plants from AlpekBV SwagathJan 9, 2019

Summarized from public sources; check the original articles before acting on it.