BUENOS AIRES, March 9 (IFR) – Argentine power company Pampa Energia could emerge soon with a bond deal to help fund the acquisition of assets from Brazilian oil company Petrobras, a Pampa official told IFR.
Pampa won the right in last week to negotiate exclusively for up to 60 days to purchase a 67.2% stake in Petrobras Argentina, whose total market capitalization is around US$1.3bn.
The company could finance the deal with a combination of cash of hand, proceeds from the sale of its stake in gas pipeline operator TGS and a bond sale, Pampa’s head of investor relations Lida Wang said.
Brazil Energy Insight 
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