Panama: Extension Requested for Brokerage Consulting Biddding

The companies interested in participating asked the Public Utilities Authority to extend the deadline.

Wednesday, November 10, 2010

The bid is for a $ 1.3 million consultancy contract in the sale of share packages from Empresa de Distribución Eléctrica METRO-OESTE, S.A., Empresa de Distribución Eléctrica ELEKTRA NORESTE, S.A. and Empresa de Distribución Eléctrica CHIRIQUÍ, S.A.

At the approval meeting, the companies requested an extension to the current date of submission of bids scheduled for December 7th.

The National Authority of Public Services (ASEP) replied that "the established date is for December 7, 2010 and submission and opening of proposals will take place then,” published Prensa.com.

More on this topic

Sale of Electricity Shares in Panama

April 2013

On April 19 the prequalification process will be held for companies interested in buying 51% of the shares of the electricity distribution companies in Panama.

"In the tender separate proposals may be submitted for the purchase of 51% shares of Metro Oeste, S.A. (Edemet), Elektra Noreste, S.A. (Ensa) and Empresa de Distribución Eléctrica Chiriquí, S.A.", reported Prensa.com.

Eleven Companies Bid for Securities Consulting

April 2011

Panama's public services authority ASEP received 11 bids for advising in the sale of energy companies.

The contract comprises advising in the sale of the shares of energy distribution companies Metro-Oeste S.A., Elektra Noroeste S.A. and Chiriquí S.A.

Bidders are mostly foreign and include PA Consulting Smartbiz, Morgan Stanley, BNP Paribas, Deloitte and Indesa.

Panama Tenders Securities Consulting for $ 2 Million

January 2011

The process seeks to find providers to assist in the sale of stock packages.

The tender is for purchase of services to advise the National Authority of Public Services in the process of selling the majority share packages of electricity distribution company Metro-Oeste SA, Empresa de Distribución Eléctrica Chiriquí and Elektra Noreste SA.

Panama Invites Tenders for $1.3 Million Stock Exchange Consultation

September 2010

The contract is for consultancy services to assist in the selling of shareholder packages.

The Panamanian Public Services Authority (ASEP) is to contract stock exchange consultancy services to process the sale of the majority stockholding in the electrical distribution companies, METRO-OESTE, S.A., ELEKTRA NORESTE, S.A. and CHIRIQUÍ, S.A.

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