Cepsa hires Deutsche Bank for Salamander Energy bid
Cepsa, the Spanish oil company, has hired Deutsche Bank to advise on a possible takeover bid for the UK exploration and production company Salamander Energy, reported Expansion.
Cepsa is preparing a joint bid with Jynwel Capital, the Spanish-language report said, citing market sources. According to the item, the deal could be worth EUR 300m.
The consortium is competing with a rival bid from Ophir Energy, which is being advised by Morgan Stanley, the report noted.
Goldman Sachs is advising Salamander, the report noted.
Source Expansion