Dipankar Ghosh, administator at PwC, said: ‘I am delighted to announce the sale of Enron Metals Limited. We received strong expressions of interest from 20 parties – the offer from Sempra was the best.’
He added: ‘The sale is good news for EMGL’s creditors as well as for the employees and the counterparties of Enron Metals Limited.’
The metals business was bought by Enron, the US energy giant, in June 1999 for £300m in a bid to diversify into trading products. The business’ sale price to Sempra was expected to be significantly lower than its sale price to Enron.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016