Energy Electricity Duke Energy International Mergers & Acquisitions assets Fuel Petroleos Delta S.A. Shell power generation selling DelSur Distribuidora Eléctrica S.A. de C.V. power plant purchases tender AES El Salvador

Duke Energy Evaluates its Central American Assets

The company is considering whether to monetize its Central American investments.

Tuesday, July 13, 2010

©image: Duke Energy

In a recent conference call Keith Trent, president of the company’s Commercial Businesses organization, was asked about which assets might be monetized and where. He responded that the company, “looks at the returns on assets and opportunities for reinvestment”.

Currently the company has two thermal energy plants in El Salvador and three in Guatemala.

Source: elsalvador.com

Key entities

Duke Energy International

Countries

Nicaragua Honduras Panama Guatemala Costa Rica El Salvador

Insight

assets diversification assets selling Electricity Energy Mergers & Acquisitions

GE sells BAC-Credomatic in Central America to Grupo Aval

July 2010

GE Capital Global Banking announced today that it has reached a definitive agreement to sell BAC Credomatic to Grupo Aval, Colombia’s largest banking holding group, for $1.9 billion.

The transaction is subject to certain regulatory approvals and other customary conditions, and the parties anticipate closing by the end of 2010.

GE Could Sell BAC-Credomatic

June 2010

One of the potential buyers of General Eletric’s shares in BAC-Credomatic is Colombia’s Grupo Aval.

The transnational corporation intends to sell its Latin American financial arm, as part of its efforts to reduce its global banking division.
Reuters reported that a GE could net as much as $1.5 billion for its stake in BAC-Credomatic.

Panama: Global Bank Corp. increases its assets

August 2008

Total assets of the corporation are at around $1.71 billion, an increase of 40%.

Selling out is not on the agenda of the directors of Global Bank Corp., which occupies the number two spot for companies with Panamanian capital, especially now that it has ended the fiscal year with good results. The company has plans to continue seeking opportunities in the region and to double its international portfolio.

BNP Paribas Sells Panamanian Assets to Scotiabank

April 2010

French bank BNP Paribas announced it will sell its assets in Panama, Bahamas and the Cayman Islands to Scotiabank group.

The transaction must still be approved by the competent authorities, and could be completed by the third quarter of 2010. Terms of the transaction were not disclosed.