Enagas consortium pulls out of bidding for TIGF

1/22/2013

Enagas consortium pulls out of bidding for TIGF

BY CHRISTOPHER BJORK

MADRID -- A consortium of firms led by Enagas won't make a formal offer for Total gas storage unit TIGF, Enagas said. The group, which included Borealis, Antin Infrastructure Partners and Oman Oil company, had expressed an interest in bidding in November 2013.

Two people familiar with the matter told Dow Jones Newswires last week that a group led by Electricite de France and another consortium led by Caisse des Depots are the remaining bidders for the asset, which according to analyst estimates is valued at between $3.33 billion and $4 billion.

The companies must submit their final bids by February 4 2013, these people said.

Dow Jones Newswires

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