ALPEK AND CONTOURGLOBAL ENTERED A 60-DAY EXCLUSIVE PERIOD IN RELATION TO THE ACQUISITION OF ALPEK'S COGENERATION POWER PLANTS IN MEXICO
Monterrey, Mexico – November 10, 2017 – Alpek, S.A.B. de C.V. (“Alpek”) and ContourGlobal entered into a 60-day exclusivity period to conduct confirmatory due diligence and negotiate final agreements in relation to ContourGlobal’s potential acquisition of Alpek’s cogeneration power plants in Cosoleacaque and Altamira, Mexico.
Alpek and ContourGlobal will disclose the economic terms of the potential transaction upon signing of the final agreements. The closing of this transaction is subject to approval by the appropriate authorities, among other conditions.