Participation in the tender for purchase of the assets of the Italian company IES

08.2007
In 2007 there was announced a tender for an Italian energy company IES. The company's assets with the estimated total worth of about 700 mln euros include an oil refinery (annual production of 2.6 mln tons), a bitumen plant, a hydrogen plant, a retail network of 240 fuel stations, the Company's own terminal in Venice and a pipeline from the terminal to the refinery. The sales competition was organized by Morgan Stanley investment bank.

In this tender for the 100% of the IES assets our company represented the interests of one of the oil companies. In course of the tender procedures we carried out independent audits of IES operations in tight cooperation with such companies as Hogan & Hartson, Bonelli Erede Pappalardo, Deloitte & Touche, Tecnimont, Purvin & Gertz, etc.