Panama Invites Tenders for $1.3 Million Stock Exchange Consultation

©image: tenaciousme

The Panamanian Public Services Authority (ASEP) is to contract stock exchange consultancy services to process the sale of the majority stockholding in the electrical distribution companies, METRO-OESTE, S.A., ELEKTRA NORESTE, S.A. and CHIRIQUÍ, S.A.

The deadline for offers to be received is expected to be 29 October 2010.

Source: PanamaCompra.gob.pa

More on this topic

Panama Tenders Securities Consulting for $ 2 Million

January 2011

The process seeks to find providers to assist in the sale of stock packages.

The tender is for purchase of services to advise the National Authority of Public Services in the process of selling the majority share packages of electricity distribution company Metro-Oeste SA, Empresa de Distribución Eléctrica Chiriquí and Elektra Noreste SA.

Panama Promotes Local Financial Market

July 2011

The Panamanian government is proposing a series of amendments to the legislation in order to develop the market.

In order to foster the development of local markets, Panamanian authorities have decided to restrict the purchase and sale of Panamanian bonds by pension funds and insurers to the local market.

Panama: Extension Requested for Brokerage Consulting Biddding

November 2010

The companies interested in participating asked the Public Utilities Authority to extend the deadline.

The bid is for a $ 1.3 million consultancy contract in the sale of share packages from Empresa de Distribución Eléctrica METRO-OESTE, S.A., Empresa de Distribución Eléctrica ELEKTRA NORESTE, S.A. and Empresa de Distribución Eléctrica CHIRIQUÍ, S.A.

Eleven Companies Bid for Securities Consulting

April 2011

Panama's public services authority ASEP received 11 bids for advising in the sale of energy companies.

The contract comprises advising in the sale of the shares of energy distribution companies Metro-Oeste S.A., Elektra Noroeste S.A. and Chiriquí S.A.

Bidders are mostly foreign and include PA Consulting Smartbiz, Morgan Stanley, BNP Paribas, Deloitte and Indesa.